Shares of ACC fell 0.25% as the Sensex rose

Shares of ACC Ltd were trading 0.25 percent lower in the Friday session at 01:08 pm (IST). Share Rs. 2396.0 and during the session so far closed at Rs. 2396.0 and Rs. An intra-day high and low of 2352.2 was touched.

Share Rs. It quoted a 52-week high of 2843.0 and a 52-week low of 1803.8. About 9,436 shares have changed hands on the counter so far.

The benchmark Nifty50 rose 229.1 points to 24346.1, while the BSE Sensex gained 771.83 points to trade at 79658.05.

In the Nifty Pack, 45 stocks were in the green mark while 5 stocks were in the red mark throughout the day.

Chief Financial Officer

For the quarter ended 30-Jun-2024, the company reported Rs. 5226.61 crore reported consolidated sales, up from the previous quarter’s Rs. 5528.45 crore was 5.46 percent lower than the year-ago quarter and 0.97 percent lower than the year-ago quarter. In the latest quarter, the company posted Rs. 361.36 crore in net profit was reported.

Promoter Holdings
Promoters held 56.69 per cent stake in the company as on 30-Jun-2024, while FIIs held 5.64 per cent and MFs 15.72 per cent.

Technicals
On the technical chart, the stock’s 200-day moving average (DMA) on August 09 stood at Rs. 2394.61, while the 50-DMA was Rs. was at 2585.2. If a stock trades above the 50-DMA and 200-DMA, it usually means that the immediate trend is up. On the other hand, if the stock trades well below both the 50-DMA and 200-DMA, it is considered a bearish trend and if it trades between these averages, it indicates that the stock could go either way.