Shares of ACC rise as Nifty drops

Shares of Ltd. gained 0.08 per cent to Rs 2415.0 in Wednesday’s trade as of 01:47PM (IST). It hit a high of Rs 2431.55 and low of Rs 2393.75 during the session.

The stock quoted a 52-week high price of Rs 2456.4 and a low of Rs 1289.7. The return on equity for the stock stood at 11.26 per cent. About 24,233 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 80.15 per cent in the past one year in comparison with a 49.65 per cent gain in Sensex.


On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 1289.7 on September 01, while the 50-DMA was at Rs 2223.64. 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 30-Jun-2021. Mutual funds and foreign institutional investors held 8.46 per cent and 13.57 per cent stake.

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