Synopsis

A total of 4,153 shares changed hands on the counter till 10:52AM (IST).

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RSI has turned north from the 60 level, confirming bullishness.
Shares of ACC Ltd. 1.86 per cent to Rs 2370.80 in Wednesday's trade as of 10:52AM (IST). The stock hit a high price of Rs 2374.90 and low of Rs 2306.90 during the session.

The return on equity (ROE) for the stock stood at 14.3 per cent. Traded volume on the counter stood at 10:52AM shares and turnover at Rs 0.98 crore around that time. The stock of ACC Ltd. quoted a 52-week high price of Rs 2843.00 and 52-week low prices of Rs 1803.80, respectively.

The stock's Beta value, which measures its volatility in relation to the broader market, stood at 1.3069.

Promotor/FII Holding
Promoters held 50.05 per cent stake in the company as of 30-Sep-2024, while FIIs held 5.51 per cent and domestic institutional investors had 15.35 per cent.

Key Financials
The company reported consolidated sales of Rs 4772.1100 crore for the quarter ended 30-Sep-2024, 8.7 per cent from previous quarter's Rs 5226.6100 crore and 2.74 per cent from the year-ago quarter's Rs 4644.7800 crore. Net after tax for the latest quarter stood at Rs 199.66 crore, 48.52 per cent from the same quarter a year ago.

Technicals
The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices.
It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.


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Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

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