ACC shares drop 0.1% as Sensex rises

Shares of ACC Ltd. traded 0.1 per cent down at Rs 2343.0 at 11:17AM (IST) on Wednesday, even as BSE benchmark Sensex gained 355.38 points to 61011.1. The stock had settled at Rs 2345.25 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 2784.95 and Rs 1900.5, respectively.

As per BSE data, total traded volume on the counter till 11:17AM (IST) stood at 11:17AM shares with turnover at Rs 0.3 crore.

At the prevailing price, the stock trades at 53.83 times its trailing 12-month earnings per share of Rs 43.51 per share and 2.91 times its price-to-book value, BSE data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.

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

Shareholding Details
Promoters held 56.69 per cent stake in the company as of 31-Dec-2022, while FIIs owned 22.63 per cent and DIIs 18.55 per cent.