ACC dropped 0.80% to Rs 741.65 at 11:13 IST on BSE, after the company's cement shipments fell 0.59% to 1.69 million tonnes in October 2009 over October 2008.
The company unveiled the monthly sales figures on Monday, 2 November 2009, when the market was closed for a public holiday.
Meanwhile, the BSE Sensex was down 171.49 points, or 1.07%, to 15,881.23.
On BSE, 21,009 shares were traded in the counter as against an average daily volume of 1.34 lakh shares in the past one quarter.
The stock hit a high of Rs 747.90 and a low of Rs 737 so far during the day. The stock had hit a 52-week high of Rs 928 on 6 August 2009 and a 52-week low of Rs 383.20 on 20 November 2008.
The large-cap stock had underperformed the market over the past one month till 30 October 2009, falling 8.75% as compared to the Sensex's 7.18% fall. It had also underperformed the market in the past one quarter, declining 14.49% as compared to the Sensex's return of 3.30%.
The company's equity capital is Rs 187.70 crore. Face value per share is Rs 10.
The current price of Rs 741.65 discounts the company's Q3 September 2009 annualized EPS of Rs 92.73, by a PE multiple of 8.
The company's cement production fell 1.72% to 1.71 million tonnes in October 2009 over October 2008.
Cement production rose 3.48% to 17.83 million tonnes and dispatches increased 3.37% to 17.81 million tonnes during the period January- October 2009 over January-October 2008.
ACC's net profit surged 53.7% to Rs 435.63 crore on 10% rise in net sales to Rs 1969.39 crore in Q3 September 2009 over Q3 September 2008. The company declared its results on 28 October 2009.
At the time of announcing Q3 results, ACC said a sizeable additional cement capacity is expected to materialize in all the regions within the next one year. ACC, however, said it expects a significant surge in cement demand from the infrastructure sector and various development schemes of the government. It expects robust demand from smaller cities and semi-urban markets.
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.