ACC rises 1.42% as Sensex slides

ACC rises 1.42% as Sensex slides
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Synopsis

The stock traded at a P/E multiple of 21.59, while the price-to-book value ratio stood at 2.91.

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RSI has turned north from the 60 level, confirming bullishness.
Shares of ACC Ltd. traded at Rs 2149.0 on BSE at 01:24PM (IST) on Tuesday, up 1.42 per cent from previous close.

The stock quoted a 52-week low price of Rs 1784.15 and a high of Rs 2587.95.

Earlier, the stock saw a gap up opening in the morning.

A total of 7,932 lakh shares changed hands on the counter till 01:24PM (IST).

The stock of ACC Ltd. commanded a market value of Rs 40220.28 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 21.59, while the price-to-book value ratio stood at 2.91. Return on equity (ROE) was at 13.01 per cent, according to exchange data.

In the BSE500 pack, 404 stocks traded in the green, while 97 stocks were in the red.

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

Promotor/FII Holding
Promoters held 50.05 per cent in ACC Ltd. as of 31-Dec-2021 while foreign and domestic institutional investors owned 13.76 per cent and 8.85 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 2246.25 on April 05, while the 50-DMA was at 2144.49. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

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