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

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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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