ACC shares  up  0.83% as Sensex  rises

A total of 5,281 shares changed hands on the counter till 12:47PM (IST)

Shares of gained 0.83 per cent to Rs 2562.9 in Thursday's session as of 12:47PM (IST) even as the equity benchmark traded 767.85 points higher at 74988.91.

Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 2759.95 and a 52-week low of Rs 1754.85 on . Around 5281 shares changed hands on the counter till 12:47PM (IST).

The stock opened at Rs 2556.85 and has touched an intraday high and low of Rs 2573.45 and Rs 2520.0 during the session so far. The counter quoted a price-to-earnings (PE) ratio of 20.55, earnings per share (EPS) of Rs 124.42 and price to book value (PB) of 2.87, while the return on equity (ROE) stood at Rs 14.3.

Promoter/ FII Holding
The promoters held 56.69 per cent stake in the company as of May 23, while FII and MF ownerships stood at 6.17 per cent and 14.5 per cent, respectively.

Key Financials
With a market capitalisation of Rs 48014.39 crore, the company operates in the Cement - Pan India industry. For the quarter ended 31-Mar-2024, the company reported consolidated sales of Rs 5528.45 crore, up 10.56 per cent from the previous quarter?s Rs 5000.51 crore and up 12.59 per cent from the same quarter a year ago. The company reported net profit of Rs 944.79 crore for the latest quarter, up 300.96 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 59.47. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition 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

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