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HomeShare price of ACC falls as Sensex drops 1041.72 points

Share price of ACC falls as Sensex drops 1041.72 points

ACC Ltd.’s share price fell by 0.39% to Rs 2499.7 at 11:16 AM (IST) during Thursday’s trading session. The stock reached a high of Rs 2516.3 and a low of Rs 2457.3 so far today, having closed at Rs 2509.5 in the previous session.

The total traded volume for the stock has been 5,291 shares, amounting to Rs 1.32 crore on the NSE. It is currently trading at a price-to-earnings (P/E) ratio of 21.05 and a price-to-book (P/B) ratio of 2.87.

A higher P/E ratio suggests that investors are willing to pay a premium for earnings, anticipating better future growth. The P/B ratio reflects the intrinsic value of the company and indicates the price investors are prepared to pay even in the absence of growth.

Also read | India’s oil-product exports soar amid refinery shutdowns in Europe

Over the past year, ACC Ltd. has increased by 24.17%, compared to a 22.76% rise in the 30-share index during the same period.

ACC Ltd. operates in the Cement – Pan India sector.

As of June 30, 2024, promoters held a 50.05% stake in the company, while foreign investors and domestic institutional investors owned 5.65% and 15.72%, respectively.

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