ACC hits record high after posting strong Q2 results

ACC gained 2.16% to Rs 1,789 at 9:30 IST on BSE after consolidated net profit rose 32.6% to Rs 326 crore on 17.8% rise in sales turnover to Rs 3329 crore in Q2 June 2017 over Q2 June 2016 The result was announced after market hours yesterday, 17 July 2017. Meanwhile, the S&P BSE Sensex was down 236.58 points, or 0.74% to 31,838.20. On the BSE, 7,532 shares were traded in the counter so far, compared with average daily volumes of 36,365 shares in the past one quarter. The stock had hit a high of Rs 1,798.85, which is also a record high for the stock. The stock hit a low of Rs 1,765 so far during the day. ACC said that cement sales volume rose 10.1% to 6.74 million tonnes in Q2 June 2017 over Q2 June 2016. Operating earnings before interest, taxes, depreciation and amortization (EBITDA) rose 38% to Rs 637 crore in Q2 June 2017 over Q2 June 2016. Operating EBITDA margin improved to 19% in Q2 June 2017 from 16% in Q2 June 2016. Astrology and Numerology Trading Tips