ACC shares gain 0.03% as Sensex rises

Shares of ACC Ltd. traded 0.03 per cent higher in Thursday's session at 12:58PM (IST). The stock opened at Rs 1766.05 and has touched an intraday high and low of Rs 1797.5 and Rs 1766.05, respectively, during the session so far.

The stock quoted a 52-week high of Rs 2784.95 and a 52-week low of 1593.5. About 8,946 shares changed hands on the counter so far.

Benchmark Nifty50 was up 157.2 points at 19541.5, while the BSE Sensex traded 578.52 points higher at 65972.42 at the time of writing of this report.

In the Nifty pack, 33 stocks traded the day in the green, while 17 were in the red.


Key Financials
For the quarter ended 31-Mar-2023, the company reported consolidated sales of Rs 4910.06 crore, up 7.26 per cent from the previous quarter's Rs 4577.64 crore and up 9.48 per cent from the year-ago quarter. The company reported net profit of Rs 235.63 crore for the latest quarter.

Promoter Holdings
Promoters held 56.69 per cent stake in the company as of 31-Mar-2023, while FIIs held 10.05 per cent and MFs 8.9 per cent.

Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 2071.26 on July 13, while the 50-DMA was at Rs 1802.61. 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.