The announcement was made after market hours on Wednesday, 2 May 2012.

Meanwhile, the BSE Sensex was down 97.09 points or 0.56% to 17,204.82

On BSE, 38,503 shares were traded in the counter as against average daily volume of 57,976 shares in the past one quarter.

The stock hit a high of Rs 1237.95 and a low of Rs 1192 so far during the day. The stock had hit a record high of Rs 1421.95 on 10 February 2012. The stock had hit a 52-week low of Rs 917 on 20 June 2011.

The large-cap stock had underperformed the market over the past one month until 2 May 2012, falling 9.75% compared with the Sensex's 1.01% fall. The scrip also underperformed the market in past one quarter, declining 2.85% as against 0.75% decline in the Sensex.

The large-cap company has an equity capital of Rs 187.75 crore. Face value per share is Rs 10.

ACC's cement despatches rose 0.97% to 2.07 million tonne in April 2012 over April 2011.

Cumulatively, cement production rose 7.12% to 8.87 million tonne during January to April 2012 over the previous corresponding period. Despatches rose 6.28% to 8.79 million tonne during January to April 2012 over the previous corresponding period

ACC's consolidated net profit fell 56.7% to Rs 151.55 crore on 18.6% growth in net sales to Rs 3015.22 crore in Q1 March 2012 over Q1 March 2011. The sharp fall in bottom line was mainly due to extra-ordinary expenses of Rs 335.38 crore related to change in depreciation policy from straight line to written down value on captive power plants.

ACC is India's leading cement manufacturer with a countrywide network of factories and marketing offices.