ACC slips after Q2 results

ACC fell 0.82% to Rs 1,442.80 at 13:44 IST on BSE after consolidated net profit fell 7.11% to Rs 243.15 crore on 7.49% increase in total income to Rs 3,097.43 crore in Q2 June 2014 over Q2 June 2013.

The result was announced during trading hours today, 24 July 2014.

Meanwhile, the BSE Sensex was up 10.70 points, or 0.04%, to 26,158.03.

On BSE, so far 36,000 shares were traded in the counter, compared with an average volume of 29,119 shares in the past one quarter.

The stock hit a high of Rs 1,462.95 and a low of Rs 1,430.10 so far during the day. The stock hit a record high of Rs 1,524.45 on 9 June 2014. The stock hit a 52-week low of Rs 912.05 on 28 August 2013.

The stock had underperformed the market over the past one month till 23 July 2014, falling 0.99% compared with 4.46% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 7.94% as against Sensex's 14.30% rise.

The large-cap company has an equity capital of Rs 187.75 crore. Face value per share is Rs 10.

ACC is India's foremost manufacturer of cement and ready mixed concrete with a countrywide network of factories and sales offices. ACC is acknowledged as a pioneer and trendsetter in cement and concrete technology. ACC is part of the worldwide Holcim Group.

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