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    Share price of ACC Ltd. falls as Nifty strengthens

    Synopsis

    A total of 14,859 shares changed hands on the counter till 01:12PM (IST).

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    Sensex and Nifty shed more than 9 per cent last week, and the indices entered bear market territory, and the bottom is not yet in sight.

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    PEER COMPANIES

    Shares of ACC Ltd. slipped 1.36 per cent to Rs 1310.2 in Friday's trade as of 01:12PM (IST).

    The stock hit a high price of Rs 1337.1 and low of Rs 1307.65 during the session.

    The return on equity (ROE) for the stock stood at 11.93 per cent. Traded volume on the counter stood at 01:12PM shares and turnover at Rs 1.95 crore around that time.

    The stock of ACC Ltd. quoted a 52-week high and 52-week low prices of Rs 1707.7 and Rs 895.5, respectively.

    The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 1.31.

    Promotor/FII Holding
    Promoters held 50.05 per cent stake in the company as of 31-Mar-2020, while FIIs held 7.79 per cent and domestic institutional investors had 12.14 per cent.

    Key Financials
    The company reported consolidated sales of Rs 3433.02 crore for the quarter ended 31-Mar-2020, down 13.52 per cent from previous quarter's Rs 3969.77 crore and down 10.82 per cent from the year-ago quarter's Rs 3849.63 crore.

    Net profit after tax for the latest quarter stood at Rs 323.0 crore, down 6.64 per cent from the same quarter a year ago.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

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