As of 12:07 PM on Wednesday, ACC Ltd.’s share price has dropped by 1.4%, now sitting at Rs 1989.30. During the day, the stock reached a high of Rs 2024.95 and a low of Rs 1986.95. On the previous day, it closed at Rs 2017.60.
So far, around 12,500 shares have been traded, with a total transaction value of Rs 0.88 crore. The stock is valued at a price-to-earnings (P/E) ratio of 18.32 and a price-to-book (P/B) ratio of 2.87. A higher P/E indicates that investors expect the company to grow, while the P/B ratio shows how much investors are willing to pay for the company’s assets, even if it doesn’t grow.
ACC Ltd. is a part of the Cement industry in India. As of December 31, 2024, promoters hold 56.69% of the company’s shares. Foreign and domestic institutional investors own 5.14% and 24.56%, respectively.
In its latest report for the quarter ending September 30, 2024, ACC Ltd. had sales of Rs 4772.11 crore. This is an 8.7% decrease from the previous quarter’s Rs 5226.61 crore, but a 2.74% increase compared to Rs 4644.78 crore from the same quarter last year. The company’s profit for this quarter was Rs 199.66 crore, which is a big jump of 48.52% from the same time last year.
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