ACC gains over 4% on strong sales in March-quarter

The scrip has reached a high and low of Rs 1,567.25 and Rs 1,511 during the day

Cement Major ACC rose over 4% in early morning trade after the company's consolidated net sales grew about 7.8% to Rs 3,108 crore compared to Rs 2,884 crore last year. It reported a decline of 9.05% in its consolidated net profit for the March-quarter. The company's consolidated net profit decreased to Rs 211 crore from Rs 232 crore reported during the first quarter of last year.

 
“Cement volumes during the first quarter showed growth of 4% (year-on-year) as the impact of demonetisation declined and benefits were delivered from ongoing customer excellence initiatives and higher sales from the expanded