ACC stock price down 0.17 per cent as Sensex slides

Shares of ACC Ltd. fell 0.17 per cent to Rs 1836.75 at 01:53PM hours (IST) on Monday. Earlier in the day, the stock saw a gap down start to the session.

As per data available on BSE, total traded quantity on the counter stood at 22,602 shares with a turnover of Rs 4.13 crore till 01:53PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 53.07, 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. The stock hit an intraday high of Rs 1851.95 and a low of Rs 1811.15 during the session and quoted a 52-week high price of Rs 2784.95 and a 52-week low of Rs 1696.05.

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

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 2292.43 on February 20, while the 50-DMA was at Rs 2260.88. 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 below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 30.21. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 31-Dec-2022, promoters held 56.69 per cent stake in the company, while overseas investors held 11.95 per cent and domestic institutional investors had 18.55 per cent.