Shares of ACC fell over 2 per cent on the Bombay Stock Exchange even after cement maker reported healthy performance in October-December quarter as profit more than doubled to Rs 205.7 crore from Rs 90.9 crore in last quarter of 2016.
In line with benchmark indices, stocks of the company declined as much 2.19 per cent to touch an intra-day low of Rs 1655.10 apiece on the Bombay Stock Exchange.
In a similar fashion, shares of the firm were trading 1.96 per cent lower at Rs 1,660.00 apiece on the National Stock Exchange.
Meanwhile, the broader benchmark BSE Sensex was trading at 33,894.98, down 518.18 points, or 1.51 per cent, at 11:20 hours.