Shares of ACC fall as Nifty drops
On the technical charts, the 200-day moving average of the stock stood at Rs 2156.17.
Shares of slipped 0.13 per cent to Rs 2438.75 in Tuesday's trade as of 12:22PM (IST). It hit a high of Rs 2454.45 and low of Rs 2413.65 during the session.The stock quoted a 52-week high price of Rs 2759.95 and a low of Rs 1704.2. The return on equity for the stock stood at 6.26 per cent. About 4,790 shares have changed hands on the counter so far.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.31.
The scrip has been an outperformer, up 38.02 per cent in the past one year in comparison with a 21.95 per cent gain in .
Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 1704.2 on April 16, while the 50-DMA was at Rs 2569.08. If a stock trades well 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 a bearish trend and if trades between these averages, then it suggests the stock can go either way.
Promoter/FII Holding
Promoters held 50.05 per cent stake in as of 31-Mar-2024. Mutual funds and foreign institutional investors held 14.5 per cent and 6.18 per cent stake.
Source: Stocks-Markets-Economic Times
