ACC shares rise 1.02% as Nifty gains

ACC shares rise 1.02% as Nifty gains
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The stock quoted a 52-week high price of Rs 2587.95 and a 52-week low of Rs 1490.0.

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Shrikant Chouhan of Kotak Securities said Nifty50 topping the 15,800 mark was completely unexpected.
Shares of Ltd. traded 1.02 per cent up at Rs 2237.8 on Tuesday at around 12:53PM (IST), while the benchmark BSE Sensex advanced 820.91 points to 57568.05.

As many as 3,818 shares changed hands on the counter with a total value of Rs 0.85 crore.

The stock quoted a 52-week high price of Rs 2587.95 and a 52-week low of Rs 1490.0.

On the technical charts, the 200-DMA of the stock stood at Rs 2123.36, while 50-DMA was at Rs 2331.64. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.

Shares of the company have advanced 34.8 per cent in the past one year, while Sensex has risen 30.58 per cent during the same period.

According to BSE data, the stock trades at a price-to-earnings multiple of 20.43 and a price-to-book ratio of 2.4. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price to book value indicates the inherent value of a company and reflects the price that investors are ready to pay even for no growth in a business. The stock belongs to the Cement - Pan India industry.

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