ACC Ltd. shares up 5.37% as Nifty drops

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ACC Ltd. shares  up  5.37% as Nifty  drops


NEW DELHI: Shares of ACC Ltd. traded 5.37 per cent up in Monday’s trade at 10:05AM (IST). Around 40,457 shares changed hands on the counter.

The counter opened at Rs 1765.0 and touched an intraday high and low of Rs 1846.05 and Rs 1759.3, respectively, in the session so far. Shares of the company of ACC Ltd. quoted a 52-week high of Rs 1893.8 and a 52-week low of Rs 895.5.

Total market cap of the ACC Ltd. stood at Rs 34126.58 crore at the time of writing this report.

Key Financials

The company reported consolidated sales of Rs 4208.75 crore for the quarter ended 31-Dec-2020, up 17.47 per cent from previous quarter’s Rs 3582.82 crore and up 2.21 per cent from the year-ago quarter’s Rs 4117.85 crore.

The net profit for latest quarter stood at Rs 472.42 crore, up 72.89 per cent from the same quarter a year ago.

Shareholding pattern

As of 31-Dec-2020, DIIs held 9.57 per cent stake in the company, while foreign institutional investors held 11.55 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 23.86 and a price-to-book ratio of 2.4. 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.





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