ACC shares gain 1.14% as Sensex rises
The stock quoted a 52-week high of Rs 2759.95 and a 52-week low of Rs 1755.8.
Shares of traded 1.14 per cent higher in Friday's session at 12:17PM (IST). The stock opened at Rs 2469.9 and has touched an intraday high and low of Rs 2490.0 and Rs 2452.15, respectively, during the session so far.The stock quoted a 52-week high of Rs 2759.95 and a 52-week low of 1755.8. About 8,242 shares changed hands on the counter so far.
Benchmark Nifty50 was up 351.85 points at 23173.25, while the BSE traded 1250.22 points higher at 76324.73 at the time of writing of this report.
In the pack, 47 stocks traded the day in the green, while 3 were in the red.
Key Financials
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 year-ago quarter. The company reported net profit of Rs 944.79 crore for the latest quarter.
Promoter Holdings
Promoters held 56.69 per cent stake in the company as of 31-Mar-2024, while FIIs held 6.17 per cent and MFs 14.5 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 2267.11 on June 07, while the 50-DMA was at Rs 2503.43. If a stock trades 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 as bearish trend and if trades between these averages, then it suggests the stock can go either way.
Source: Stocks-Markets-Economic Times
