Shares of ACC fall as Nifty drops

Shares of ACC fall as Nifty drops
ETMarkets.com
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Synopsis

On the technical charts, the 200-day moving average of the stock stood at Rs 2208.09.

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RSI has turned north from the 60 level, confirming bullishness.
Shares of . slipped 1.11 per cent to Rs 2713.0 in Thursday's trade as of 01:55PM (IST). It hit a high of Rs 2773.5 and low of Rs 2683.65 during the session.

The stock quoted a 52-week high price of Rs 2784.95 and a low of Rs 1900.5. The return on equity for the stock stood at 13.01 per cent. About 51,520 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 10.15 per cent in the past one year in comparison with a 3.19 per cent gain in Sensex.

Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 1900.5 on September 15, while the 50-DMA was at Rs 2271.91. 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-2022. Mutual funds and foreign institutional investors held 9.38 per cent and 12.11 per cent stake.
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