ACC rises on reporting 8.85% growth in December dispatches

ACC Ltd. | Cement & Construction Materials | Construction & Infrastructure | BSE: 500410 | NSE: ACC

05 Jan 2012 Evaluate

ACC is currently trading at Rs 1110.80, up by 6.50 points or 0.59% from its previous closing of Rs 1104.30 on the BSE.

The scrip opened at Rs 1103.00 and has touched a high and low of Rs 1118.00 and Rs 1083.10 respectively. So far 66308 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 1233.00 on 14-Nov-2011 and a 52 week low of Rs 917.00 on 20-Jun-2011.

Last one week high and low of the scrip stood at Rs 1168.80 and Rs 1083.10 respectively. The current market cap of the company is Rs 20897.00 crore.

The promoters holding in the company stood at 50.30% while Institutions and Non-Institutions held 30.80% and 18.90% respectively.

Cement manufacturer, ACC’s cement production in December 2011 stood at 2.03 million tonne, as against 1.91 million tonne in the year-ago period. The company's dispatches in the month stood at 2.09 million tonne, as against 1.92 million tonne in December 2010.

On Cumulative basis, for the January-December period this year, its production stood at 23.66 million tonne as against 21.21 million tonne in the year-ago, while its dispatches for the same period stood at 23.68 million tonne as against 21.17 million tonne in the corresponding period of 2010.

ACC is India’s foremost manufacturer of cement and concrete. The company’s operations are spread throughout the country with 14 modern cement factories, more than 30 ready mix concrete plants, 20 sales offices, and several zonal offices.