ACC Ltd.

ACC Ltd. June 29th Shares Plunged 416.71 Points

ACC Ltd. June 29th Shares Plunged 416.71 Points, After Q4 Result:

To begin with, ACC Ltd. shares traded with a 0.38% declined in today’s intraday trade. As per the records, the total market capitalization stood at Rs. 1.20 cr.

Moreover, the company shares started at Rs. 1,283.40 per equity share on the National Stock Exchange. The stocks reached the intraday high value of Rs. 1,285.65 per equity share. Similarly, the intraday low value of Rs. 1,265.80 per share.

On 31st March 2020, the company announced its consolidated sales worth Rs. 3,433.02 cr. Comparatively, the company sales declined by 13.52% from its last quarter sales of Rs. 3,969.77 cr. Also, its sales declined by 10.82% from last year’s sales of Rs. 3,849.63 cr.

Furthermore, the net profit of Rs. 323.00 cr declined by 6.64% from the same quarter a year ago. By the ending of March 2020, the company promoters held 50.05% from its stake, FIIs held a 12.14% stake and DIIs held a 7.79% stake.

Presently, the ACC limited shares quoted with a price-to-earnings ratio in multiples of 17.82. Similarly, the company’s price-to-book value ratio of 2.09.

Stock Market Update: 

Stock Market June 29th: On Monday, both Sensex and Nifty seem to trade in a bearish trend at the stock market. The Sensex stood trading down with 34,913.40 levels and Nifty stood trading down with 10,302.25 levels. The Sensex declined 257.87 points with a 0.73% fall. Besides, Nifty has declined 80.75 points with a 0.75% fall.

On the other hand, the number of confirmed coronavirus cases in India reached 5,49,197 as of June 29th, and deaths reached 16,487.

In the border market, the S&P BSE Midcap index reported a bearish trend in the stock market today. It raised 154.34 points with a 1.16% increase and reached a 13,104.10 level. The S&P BSE Smallcap index raised 146.94 points with a 1.16% increase and reached a 12,483.34 level. However, the Nifty Bank lost 332.15 points with a 1.54% fall and reached a 21,259.90 level.

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