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    ACC shares gain 0.75% as Sensex rises

    Synopsis

    The stock quoted a 52-week high of Rs 2022.75 and a 52-week low of Rs 1108.0.

    It is the second largest discount broker at present after Zerodha, which is the largest broker among full service and discount category.

    INSIGHTS

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    PEER COMPANIES

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    Shares of Ltd. traded 0.75 per cent higher in Tuesday's session at 11:12AM (IST). The stock opened at Rs 1845.6 and has touched an intraday high and low of Rs 1866.25 and Rs 1837.0, respectively, during the session so far.

    The stock quoted a 52-week high of Rs 2022.75 and a 52-week low of 1108.0. About 15,904 shares changed hands on the counter so far.

    Benchmark Nifty50 was up 105.7 points at 14590.70, while the BSE Sensex traded 346.38 points higher at 48732.89 at the time of writing of this report.

    In the Nifty pack, 36 stocks traded the day in the green, while 14 were in the red.


    Key Financials
    For the quarter ended 31-Mar-2021, the company reported consolidated sales of Rs 4335.94 crore, up 3.02 per cent from the previous quarter's Rs 4208.75 crore and up 21.88 per cent from the year-ago quarter. The company reported net profit of Rs 562.57 crore for the latest quarter.

    Promoter Holdings
    Promoters held 54.53 per cent stake in the company as of 31-Mar-2021, while FIIs held 22.87 per cent and MFs 9.1 per cent.

    Technicals
    On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 1610.06 on April 27, while the 50-DMA was at Rs 1824.48. If a stock trades 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 as bearish trend and if trades between these averages, then it suggests the stock can go either way.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

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