Shares of ACC Ltd sharply declined on Friday after the cement maker posted a 60.07% decline in its consolidated net profit to Rs 227.35 crore for the quarter ended June 30, 2022. The stock fell 0.73% on the BSE to Rs 2,140.70 while it declined 0.85% to Rs 2,142 on the NSE. The company, which follows the January-December financial year, had posted a profit of Rs 569.45 crore for the June quarter a year ago. The bottom line was impacted because of a steep rise in prices of pet coke and imported coal. As ACC is well-positioned in its key …
