ACC stock gains over 3.6% post-March quarter results; turns flat later

ACC's volumes were down 13 per cent YoY to 6.56 million tonnes due to the shutdown of operations from March 24, 2020

Shares of ACC Ltd gained as much as 3.66 per cent to Rs 1,178 apiece on the BSE on Wednesday, even as the company reported 6.64 per cent decline in its consolidated net profit at Rs 323.02 crore for the March quarter 2020, impacted by volume decline during the lockdown last month. The company, which follows January-December financial year, had posted a profit of Rs 346.02 crore in the same quarter a year ago.

At 09:28 am, the stock was trading nearly a per cent higher at Rs 1,147.30, thus paring most of its early trade gains. In comparison, the