ACC shares up 1.37% as Nifty gains

NEW DELHI: Shares of ACC Ltd. traded 1.37 per cent up in Wednesday's trade at 02:00PM (IST). Around 21,189 shares changed hands on the counter.

The counter opened at Rs 1981.9 and touched an intraday high and low of Rs 2010.0 and Rs 1966.2, respectively, in the session so far. Shares of the company of ACC Ltd. quoted a 52-week high of Rs 2784.95 and a 52-week low of Rs 1593.5.

As per BSE, the total market cap of the ACC Ltd. stood at Rs 37682.33 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 5278.02 crore for the quarter ended 30-Jun-2023, up 7.49 per cent from previous quarter's Rs 4910.06 crore and up 16.71 per cent from the year-ago quarter's Rs 4522.28 crore.

The net profit for latest quarter stood at Rs 466.1 crore, up 105.04 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Jun-2023, domestic institutional investors held 9.21 per cent stake in the company, while foreign institutional investors held 9.98 per cent and the promoters 50.05 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 51.79 and a price-to-book ratio of 2.22. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

ACC Ltd. belongs to the Cement - Pan India industry.