On Tuesday, ACC Ltd. shares dropped by 1.64%, trading at Rs 2209.50 around 1:07 PM. This happened even as the Sensex, a key market index, rose by 892.86 points to reach 80,855.71. In the previous trading session, ACC shares closed at Rs 2246.55.
The stock has seen a high of Rs 2843.00 and a low of Rs 1867.15 over the last year. According to NiftyStat, by 1:07 PM, 61,000 shares had changed hands, totaling a turnover of Rs 0.61 crore.
Currently, ACC Ltd.’s stock price is 20.31 times its earnings for the last year, which were Rs 108.82 per share. This means investors are willing to pay more for the stock because they expect the company to grow in the future. Additionally, the price-to-book value is 2.87, which indicates what investors are ready to pay based on the company’s value, even if it isn’t growing.
The Beta value of ACC’s stock is 1.3069, showing it tends to be more volatile than the general market. As of September 30, 2024, promoters own 56.69% of the company, while foreign institutional investors (FIIs) hold 5.5%, and domestic institutional investors (DIIs) own 24.32%.
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