Banking and finance

ACC shares down 0.48% as Nifty drops

NEW DELHI: Shares of Ltd. traded 0.48 per cent down in Friday’s commerce at 12:45PM (IST). Round 2,102 shares modified fingers on the counter.

The inventory opened at Rs 2447.0 and touched an intraday excessive and low of Rs 2447.0 and Rs 2413.15, respectively, within the session to this point. Shares of the corporate of ACC Ltd. quoted a 52-week excessive of Rs 2506.35 and a 52-week low of Rs 1295.25.

Complete market cap of the ACC Ltd. stood at Rs 44613.56 crore on the time of scripting this report.

Key Financials

The corporate reported consolidated gross sales of Rs 3930.49 crore for the quarter ended 30-Jun-2021, down 9.35 per cent from earlier quarter’s Rs 4335.94 crore and down 48.12 per cent from the year-ago quarter’s Rs 2653.52 crore.

The web revenue for up to date quarter stood at Rs 569.42 crore, up 110.18 per cent from the corresponding quarter final yr.

Shareholding sample

As of 30-Jun-2021, home institutional traders held 8.46 per cent stake within the firm, whereas overseas institutional traders held 23.67 per cent and the promoters 54.53 per cent.

Valuation ratio

In line with BSE information, the inventory traded at a price-to-earnings a number of of twenty-two.67 and a price-to-book ratio of two.4. A better P/E ratio reveals traders are keen to pay a better value due to higher future development expectations. Worth-to-book worth signifies the inherent worth of an organization and is the measure of the value that traders are able to pay even for no development within the enterprise.

ACC Ltd. belongs to the Cement – Pan India trade.

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