Thursday 11 February 2016

ACC plunges 3%; Q4 net dips 69%

.The company posted a net profit after taxes, minority interest and share of profit of associates of Rs. 1023.90 mn for the quarter ended December 31, 2015 as compared to Rs. 3262.20 mn for the quarter ended December 31, 2014.


ACC stock slipped by 3% at Rs.1236.The company posted a net profit after taxes, minority interest and share of profit of associates of Rs. 1023.90 mn for the quarter ended December 31, 2015 as compared to Rs. 3262.20 mn for the quarter ended December 31, 2014. 
Total Income has increased from Rs. 28796.80 mn for the quarter ended December 31, 2014 to Rs. 29312.20 million for the quarter ended December 31, 2015.

ACC Ltd is currently trading at Rs. 1237, down by Rs. 32.05 or 2.53% from its previous closing of Rs. 1269.05 on the BSE.

The scrip opened at Rs. 1251 and has touched a high and low of Rs. 1256.75 and Rs. 1236 respectively. So far 62084(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 23826.41 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1774.8 on 02-Mar-2015 and a 52 week low of Rs. 1207 on 20-Jan-2016. Last one week high and low of the scrip stood at Rs. 1310 and Rs. 1250.85 respectively.

The promoters holding in the company stood at 50.3 % while Institutions and Non-Institutions held 33.54 % and 16.17 % respectively.

The stock is currently trading above its 200 DMA.

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