ACC shed 0.74% to Rs 1,307.50 at 10:03 IST on BSE after cement production and dispatches fell in July 2012 over July 2011.
Meanwhile, the BSE Sensex was down 155.26 points or 0.9% to 17,069.10
On BSE, 4,422 shares were traded in the counter as against average daily volume of 56,710 shares in the past one quarter.
The stock hit a high of Rs 1,311.45 and a low of Rs 1,305 so far during the day. The stock had hit a record high of Rs 1,421.95 on 10 February 2012. The stock had hit a 52-week low of Rs 948 on 8 August 2011.
The large-cap stock outperformed the market over the past one month till 2 August 2012, rising 0.4% compared with the Sensex's 1% fall. The scrip had also outperformed the market in past one quarter, gaining 8.75% as against Sensex's 0.45% fall.
The cement maker has an equity capital of Rs 187.75 crore. Face value per share is Rs 10.
More From This Section
ACC reported 8.37% fall in cement production to 1.86 million tones in July 2012 over July 2011. Cement dispatches declined 6.46% to 1.88 million tones in July 2012 over July 2011. The July 2012 sales figures were announced after market hours on Thursday, 2 August 2012.
ACC reported 26.3% rise in consolidated net profit to Rs 414.52 crore on 14.9% growth in net sales to Rs 2918.98 crore in Q2 June 2012 over Q2 June 2011.
ACC said there was a steep escalation in major input costs, including slag, fly ash, gypsum and power in Q2 June 2012. Further, the sharp hike in railway freight rates with effect from 6 March 2012 substantially impacted both inward and outward costs, ACC said. The cement market has been growing steadily and barring seasonal fluctuations the demand for cement is expected to maintain the steady pace of growth in the near term, ACC said with regard to future business outlook.
ACC is India's leading cement manufacturer with a countrywide network of factories and marketing offices.
Powered by Capital Market - Live News