Shares of ACC Ltd. rose 0.3 per cent to Rs 2134.65 at 12:48PM hours (IST) on Thursday. Earlier in the day, the stock saw a gap up start to the session.
As per data available on BSE, total traded quantity on the counter stood at 7,721 shares with a turnover of Rs 1.65 crore till 12:48PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 21.56, while the price-to-book value ratio stood at 2.91.
Return on equity (ROE) was at 13.01 per cent, according to exchange data. The stock hit an intraday high of Rs 2157.2 and a low of Rs 2126.4 during the session and quoted a 52-week high price of Rs 2587.95 and a 52-week low of Rs 1690.85.
The stock’s beta value, which measures its volatility in relation to the broader market, stood at 1.31.
Technical Indicators
The 200-DMA (day moving average) of the stock stood at Rs 2241.44 on March 17, while the 50-DMA was at Rs 2189.5. 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 below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.
The Relative Strength Index (RSI) of the stood at 52.87. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.
Promoter holding
As of 31-Dec-2021, promoters held 54.53 per cent stake in the company, while FIIs held 23.22 per cent and domestic institutional investors had 9.79 per cent.
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