ACC rises 4% post September quarter results; other cement stocks rally too

ACC said the efficiency and cost reduction drove Ebitda margin expansion by 328 basis points during the quarter



SI Reporter Mumbai
Shares of cement companies were in focus at the bourses on Tuesday, gaining up to 4 per cent, after ACC managed to improve its sales volumes to pre-Covid levels along with expansion in margins during the July-September quarter (Q3CY20) despite localised lockdowns and monsoon impact.

ACC hit a 52-week high of Rs 1,622, up 4 per cent on the BSE on the back of heavy volumes. A combined 2.8 million equity shares had changed hands on the counter on the NSE and BSE till 09:43 am. In the past month, the stock has outperformed the market by gaining 12 per cent, against 4.5 per cent rise in the S&P BSE Sensex.

ACC's revenues for Q3CY20 grew 0.3 per

First Published: Oct 20 2020 | 09:58 AM IST

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