ACC shares gain 3.28% as Sensex falls

Shares of ACC Ltd. traded 3.28 per cent higher in Monday's session at 12:27PM (IST). The stock opened at Rs 2181.25 and has touched an intraday high and low of Rs 2258.7 and Rs 2164.8, respectively, during the session so far.

The stock quoted a 52-week high of Rs 2587.95 and a 52-week low of 1784.15. About 16,634 shares changed hands on the counter so far.

Benchmark Nifty50 was down 70.65 points at 17713.70, while the BSE Sensex traded 321.98 points lower at 59125.2 at the time of writing of this report.

In the Nifty pack, 22 stocks traded the day in the green, while 28 were in the red.


Key Financials
For the quarter ended 31-Dec-2021, the company reported consolidated sales of Rs 4279.64 crore, up 12.26 per cent from the previous quarter's Rs 3812.31 crore and up 1.68 per cent from the year-ago quarter. The company reported net profit of Rs 280.81 crore for the latest quarter.

Promoter Holdings
Promoters held 54.53 per cent stake in the company as of 31-Mar-2022, while FIIs held 22.44 per cent and MFs 9.23 per cent.

Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 2248.96 on April 11, while the 50-DMA was at Rs 2143.72. 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.