Shares of ACC hit a new high of Rs 2,299 as they rallied 7 per cent on the BSE in intra-day trade on Tuesday after the company reported strong operational performance for the second quarter ended June 2021 (Q2CY21). The company’s Ebitda (earnings before interest, taxes, depreciation, and amortization) margins expanded 233 basis points (bps) quarter-on-quarter (QoQ) to 22.4 per cent due to higher realisations. On a year-on-year (YoY) basis, Ebitda margins improved by 200 bps from 20.8 per cent in Q1CY20.