ACC shares gain 1.53% as Sensex rises
ACC Ltd. traded 1.53 per cent up at Rs 1920.8 at 01:18PM (IST) on Wednesday, even as BSE benchmark Sensex gained 452.83 points to 66808.54. The stock had settled at Rs 1891.95 in the previous session.
The stock quoted a 52-week high price of Rs 2784.95 and 52-week low of Rs 1593.5, respectively. As per BSE data, total traded volume on the counter till 01:18PM (IST) stood at 38780 shares with a turnover of Rs 737.0 crore. At the prevailing price, the stock traded at 73.59 times its trailing 12-month EPS of Rs 26.03 per share and 2.22 times its price-to-book value, BSE data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 1.31.Shareholding Details Promoters held 50.05 per cent stake in the company as of 30-Jun-2023, while FIIs owned 9.98 per cent and DIIs 9.21 per cent.Technicals On the technical charts, the relative strength index (RSI) of the stock stood at 68.63.
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. Chartists say, RSI should not be seen in isolation, as it may not be sufficient to take a trading call, just the way fundamental analysts cannot give a'buy' or'sell' recommendation using a single valuation ratio.
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