ACC Ltd (ACC.NS)
|Market Cap (Mil.):||Rs213,213.00|
|Shares Outstanding (Mil.):||187.75|
MUMBAI - Shares in Ambuja Cements Ltd and ACC Ltd fall after the cement makers reported lower-than-expected July-September earnings.
MUMBAI - Cement makers ACC Ltd and Ambuja Cements Ltd said on Wednesday they expected no speedy revival in demand after posting drops in quarterly profit.
MUMBAI, July 25 - ACC Ltd, controlled by Swiss group Holcim, reported a 37 percent fall in net profit for the April-June quarter on muted volumes due to a slowdown in home building and infrastructure projects in India.
* The BSE index edges down 0.04 percent and the NSE index inches down 0.11 percent. * Ambuja Cements Ltd slumps 12.5 percent after Holcim Ltd said on Wednesday that it would raise stake in the company in a restructuring of its operations in India. Shares in ACC Ltd fall 4 percent. * Hindustan Unilever Ltd falls 1 percent on profit-taking a day ahead of its June-quarter earnings, after touching an all-time high of 725 rupees on Wednesday. * Asian stocks retreated from seven-week highs on Thursd