ACC shares rise 0.16 per cent in Wednesday's trading session
The Relative Strength Index of the stock stood at 36.92 on Wednesday.
Shares of rose 0.16 per cent to Rs 2406.05 in Wednesday's trade as of 11:32AM (IST) even as the benchmark ruled at 21786.35, down 31.11 points.The scrip had closed at Rs 2402.0 in the previous session. The stock quoted a 52-week low of Rs 1593.5 and a high of Rs 2759.95. The company quoted a market-cap of Rs 45068.94 crore on the .
On BSE, 2,974 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 27.7 times its trailing 12-month EPS of Rs 86.65 per share and 2.22 times its book value. The return on equity (ROE) stood at Rs 6.26.
Key Financials
For the quarter ended 31-Dec-2023, reported consolidated sales of Rs 5000.51 crore, up 9.24 per cent from the same quarter a year ago. The company reported 375.11 per cent YoY growth in net profit at Rs 537.63 crore for the latest quarter.
Technical indicators
The relative strength index (RSI) of the stock stood at Wednesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.
Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.
Source: Stocks-Markets-Economic Times
