Why Acc Share Price Falling - VRGyani News


Monday, March 25, 2024

Why Acc Share Price Falling

25 March 2024: ACC's share price decline can be attributed to a combination of factors:

  1. Profit Decline: A major reason has been the significant drop in profits. ACC's net profit for the quarter ending March 2023 witnessed a 40% decline compared to the same period in the previous year. This was primarily due to rising input costs, particularly fuel, which squeezed margins. 
  2. High Input Costs: The cement sector has been grappling with rising raw material costs since the Russia-Ukraine war. These elevated costs continue to pressure margins, impacting profitability and investor sentiment towards ACC.
  3. Adani Group Issues:  Since ACC is part of the Adani Group, the conglomerate's controversies in mid-2023, including allegations by Hindenburg Research, might have caused a ripple effect and led to a decline in ACC's share price as well. 

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