Share price of ACC Ltd. jumps as Sensex gains 215.04 points

Share price of Ltd. gained 0.95 per cent to Rs 1912.55 at 11:49AM (IST) in Tuesday’s trade. The scrip hit a high of Rs 1921.0 and low of Rs 1892.1 so far during the session. The stock had closed at Rs 1894.6 in the previous session.

The counter had a total traded volume of 11:49AM shares so far with a turnover of Rs 2.4 crore on BSE. The stock traded at a price-to-earnings multiple of 25.13 and a price-to-book ratio of 2.4.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The 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.

Promotor/FII Holding

Promoters held 54.53 per cent stake in the company as of 31-Dec-2020, while overseas investors and domestic institutional investors ownership stood at 21.53 per cent and 10.7 per cent, respectively.

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 the previous quarter’s Rs 3582.82 crore and up 2.21 per cent from the year-ago quarter’s Rs 4117.85 crore.

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


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