ACC gains in volatile trade after declaring Q2 result

ACC was up 0.59% to Rs 1,687.95 at 14:34 IST on BSE after consolidated net profit rose 79.16% to Rs 239.12 crore on 3.25% fall in total income from operations (net) to Rs 2917.23 crore in Q2 June 2016 over Q2 June 2015.

The result was announced during market hours today, 26 July 2016.

Meanwhile, the S&P BSE Sensex was up 12.53 points or 0.04% at 28,107.87

On BSE, so far 71,353 shares were traded in the counter as against average daily volume of 22,075 shares in the past one quarter. The stock was volatile. The stock rose as much as 2% at the day's high of Rs 1,711.75 so far during the day. The stock fell as much as 1.01% at the day's low of Rs 1,661 so far during the day. The stock had hit a 52-week high of Rs 1,716.75 on 21 July 2016. The stock had hit a 52-week low of Rs 1,173.25 on 29 February 2016. The stock had outperformed the market over the past one month till 25 July 2016, rising 7.29% compared with Sensex's 6.43% rise. The scrip also outperformed the market in past one quarter, gaining 17.95% as against Sensex's 9.41% rise.

The large-cap company has equity capital of Rs 187.79 crore. Face value per share is Rs 10.

ACC is a manufacturer of cement and ready mixed concrete with a countrywide network of factories and sales offices.

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