ACC shares gain 0.85% as Sensex rises
ACC Ltd. traded 0.85 per cent higher in Friday's session at 10:55AM (IST). The stock opened at Rs 1845.75 and has touched an intraday high and low of Rs 1874.0 and Rs 1845.75, respectively, during the session so far.
The stock quoted a 52-week high of Rs 2674.45 and a 52-week low of 1593.5. About 9,638 shares changed hands on the counter so far.
Benchmark Nifty50 was up 32.7 points at 19797.9, while the BSE Sensex traded 22.21 points higher at 66004.69 at the time of writing of this report.
In the Nifty pack, 39 stocks traded the day in the green, while 11 were in the red.
Key Financials For the quarter ended 30-Sep-2023, the company reported consolidated sales of Rs 4644.78 crore, down 12.0 per cent from the previous quarter's Rs 5278.02 crore and down 14.49 per cent from the year-ago quarter. The company reported net profit of Rs 387.85 crore for the latest quarter.
Promoter Holdings Promoters held 56.69 per cent stake in the company as of 30-Sep-2023, while FIIs held 7.1 per cent and MFs 12.52 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 1861.89 on November 17, while the 50-DMA was at Rs 1956.62. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward.
