ACC shares down 2.06% as Nifty drops – ET Infra

NEW DELHI: Shares of ACC Ltd. traded 2.06 per cent down in Wednesday’s trade at 01:59PM (IST). Around 14,440 shares changed hands on the counter.

The counter opened at Rs 2063.15 and touched an intraday high and low of Rs 2083.0 and Rs 2038.0, respectively, in the session so far. The stock 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 markcap of the ACC Ltd. stood at Rs 38388.41 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 corresponding quarter last year.

Shareholding pattern
As of 30-Jun-2023, DIIs 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 52.76 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.

  • Published On Sep 7, 2023 at 08:27 AM IST

Join the community of 2M+ industry professionals

Subscribe to our newsletter to get latest insights & analysis.

Get updates on your preferred social platform

Follow us for the latest news, insider access to events and more.

Source link

Leave a Comment

Your email address will not be published. Required fields are marked *

Open chat
How May I Help You.
Scan the code
Vishwakarma Guru Construction
Hello Sir/Ma'am, Please Share Your Query.
Call Support: 8002220666