ACC rises on higher shipments in January 2010

Feb. 2, 2010
The company announced the monthly sales numbers after market hours on Monday 1 February 2010.
Meanwhile, the BSE Sensex was up 59.49 points, or 0.36% to 16,415.52.
On BSE, 50,994 shares were traded in the counter as against an average daily volume of 1.08 lakh shares in the past one quarter.
The stock hit a high of Rs 895 and a low of Rs 878.30 so far during the day. The stock had hit a 52-week high of Rs 989.90 on 15 January 2010 and a 52-week low of Rs 486 on 2 February 2009.
The large-cap stock had outperformed the market over the past one month till 1 February 2010, rising 0.20% as compared to the Sensex's 6.35% fall. It had also outperformed the market in the past one quarter, gaining 16.79% as compared to the Sensex's return of 2.89%.
The company's equity capital is Rs 187.74 crore. Face value per share is Rs 10.
The current price of Rs 883.35 discounts the company's Q3 September 2009 annualized EPS of Rs 92.73, by a PE multiple of 9.53.
The company's production rose 1.07% to 1.89 lakh tonnes in January 2010 over January 2009.
Late last month, ACC acquired a 100% equity stake in Encore Cement & Additives. Post acquisition, Encore Cement & Additives become a wholly owned subsidiary of ACC. Encore Cement & Additives has two lakh tonnes capacity slag grinding unit in Vishkapatnam. This acquisition will help ACC to further strengthen its presence in coastal Andhra Pradesh.
ACC's net profit rose 53.7% to Rs 435.63 crore on a 10% rise in sales to Rs 1969.39 crore in Q3 September 2009 over Q3 September 2008. The company will declare its Q4 December 2009 results on Thursday, 4 February 2010.
ACC manufactures a range of cements and blended cements. The company also manufactures gypsum and refractory products such as Brown Tabular Alumina. The company provides turnkey and application consulting services for setting up and operating cement plants and refractories. The company owns cement plants throughout India.