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ACC declines as foreign institutional investors reduce stake

08 Oct 2014 Evaluate

ACC is currently trading at Rs. 1364.00, down by 6.10 points or 0.45% from its previous closing of Rs. 1370.10 on the BSE.

The scrip opened at Rs. 1365.95 and has touched a high and low of Rs. 1377.75 and Rs. 1363.00 respectively. So far 4795 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1570.00 on 10-Sep-2014 and a 52 week low of Rs. 971.25 on 30-Jan-2014.

Last one week high and low of the scrip stood at Rs. 1414.00 and Rs. 1354.10 respectively. The current market cap of the company is Rs. 25622.55 crore.

The promoters holding in the company stood at 50.30% while Institutions and Non-Institutions held 32.47% and 17.23% respectively.

Foreign institutional investors (FIIs) have reduced shareholding in ACC to 18.65% at the end of September 2014 quarter from 19.73% as on Jun 30, 2014. On the other hand, domestic institutional investors (DIIs) have increased shareholding in the company to 13.82% at the end of September 2014 quarter from 12.81% as on Jun 30, 2014.

ACC is India’s foremost manufacturer of cement and ready mixed concrete with a countrywide network of factories and sales offices. The company’s net profit for second quarter ended June 30, 2014 has declined 6.97% at Rs 241.02 crore as compared to Rs 259.09 crore for the quarter ended June 30, 2013. However, its total income has increased by 7.47% to Rs 3096.61 crore for the quarter under review from Rs 2881.15 crore for the corresponding quarter of the previous year.

ACC Share Price

1431.85 -11.05 (-0.77%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Ultratech Cement 11887.30
Ambuja Cement 458.95
ACC 1431.85
Shree Cement 25301.95
Dalmia Bharat 1972.55
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