Share price of ACC Ltd. falls as Sensex gains 303.43 points

Share price of ACC Ltd. dropped 0.48 per cent to Rs 1390.05 at 12:56PM (IST) in Monday's trade. The scrip hit a high of Rs 1408.9 and low of Rs 1386.85 so far during the session. The stock had closed at Rs 1396.8 in the previous session.

The counter had a total traded volume of 12:56PM shares so far with a turnover of Rs 1.71 crore on BSE. The stock traded at a price-to-earnings multiple of 22.3 and a price-to-book ratio of 2.26.

A higher P/E 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 50.05 per cent stake in the company as of 30-Jun-2020, while foreign investors and domestic institutional investors ownership stood at 8.14 per cent and 11.67 per cent, respectively.

Key Financials
The firm reported consolidated net sales of Rs 2520.3 crore for the quarter ended 30-Jun-2020, down 26.59 per cent from the previous quarter's Rs 3433.02 crore and down 37.91 per cent from the year-ago quarter's Rs 4059.28 crore.

Its profit for the latest quarter stood at Rs 270.92 crore, down 40.54 per cent from the same quarter a year ago.