The scrip opened at Rs 2038.0 and touched an intraday high and low of Rs 2087.0 and Rs 2038.0, respectively, in the session so far. Shares of the company of ACC Ltd. quoted a 52-week high of Rs 2087.0 and a 52-week low of Rs 1254.1.
As per BSE, the total market cap of the ACC Ltd. stood at Rs 39064.45 crore at the time of writing this report.
The company reported consolidated net sales of Rs 4335.94 crore for the quarter ended 31-Mar-2021, up 3.02 per cent from previous quarter’s Rs 4208.75 crore and up 21.88 per cent from the year-ago quarter’s Rs 3557.63 crore.
The net profit for latest quarter stood at Rs 562.57 crore, up 74.17 per cent from the corresponding quarter last year.
As of 30-Jun-2021, domestic institutional investors held 8.46 per cent stake in the firm, while foreign institutional investors held 13.57 per cent and the promoters 50.05 per cent.
According to BSE data, the stock traded at a P/E multiple of 23.4 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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