Market

Shares of ACC rise as Nifty gains


Shares of . gained 0.53 per cent to Rs 2071.35 in Tuesday’s trade as of 01:29PM (IST). It hit a high of Rs 2076.15 and low of Rs 2060.9 during the session.

The stock quoted a 52-week high price of Rs 2587.95 and a low of Rs 1900.5. The return on equity for the stock stood at 13.01 per cent. About 3,161 shares have changed hands on the counter so far.

The stock’s beta value, which measures its volatility in relation to the broader market, stood at 1.31.



The scrip has been an outperformer, up 2.06 per cent in the past one year in comparison with a 0.07 per cent fall in Sensex.

Technicals

On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 1900.5 on June 21, while the 50-DMA was at Rs 2196.46. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Promoter/FII Holding

Promoters held 50.05 per cent stake in ACC Ltd. as of 31-Mar-2022. Mutual funds and foreign institutional investors held 9.23 per cent and 12.75 per cent stake.



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