🌟Intraday Stock for tomorrow 03.10.2023🌟#ACC

The stock quoted a 52-week high of Rs 2674.45 and a 52-week low of Rs 1593.5.

The stock quoted a 52-week high price of Rs 2674.45 and low of Rs 1593.5.

Sanjiv Bhasibelieves that Dixon has already seen a significant increase in price, but the shift towards electronic manufacturing services is still favorable in the long-term. Regarding Avenue Supermarts, Bhasin thinks Trent is a better investment than DMart. He also mentions the potential for gains in Reliance Industries due to record retail sales and increased demand for distillate OTC chemicals.

A total of 4,955 shares changed hands on the counter till time (IST).

A total of 4,960 shares changed hands on the counter till 10:45AM (IST)

Khare, a 1985-batch (retired) Indian Administrative Service (IAS) officer of the Jharkhand cadre, had superannuated on September 30, 2021. He last served as the higher education secretary.

A total of 1,171 shares changed hands on the counter till 11:06AM (IST)

The stock traded at a P/E multiple of 51.07, while the price-to-book value ratio stood at 2.22.

The Relative Strength Index of the stock stood at 49.31 on Thursday.

A total of 12,320 shares changed hands on the counter till 01:19PM (IST)

The Indian government plans to modify the production-linked incentive (PLI) scheme for sectors such as pharmaceuticals, drones, and textiles to encourage investment and boost manufacturing. The changes include extending timelines for the pharmaceutical sector and adding additional products in certain sectors.

On the technical charts, the RSI of the stock stood at 53.44.

A total of 5,066 shares changed hands on the counter till 10:15AM (IST).

India is set to begin production of advanced chemistry cell (ACC) batteries by January 2024, according to Union Minister Mahindra Nath Pandey. The government approved a scheme for manufacturing ACC batteries in May 2021, with an estimated cost of Rs 18,100 crore. ACCs are advanced energy storage technologies that can store and convert electric energy.

Geojit recommended accumulate rating on ACC with a target price of Rs 2325 in its research report dated September 11, 2023.

A total of 7,596 shares changed hands on the counter till 10:51AM (IST).

"A reserve day has been incorporated for the Asia Cup 2023 Super 4's match between Pakistan and India scheduled to take place on 10th September 2023 at R. Premadasa International Cricket Stadium in Colombo," the ACC said in a statement.

The stock traded at a P/E multiple of 52.32, while the price-to-book value ratio stood at 2.22.

The Pakistan Cricket Board (PCB) has demanded compensation from the Asian Cricket Council (ACC) for the loss of gate money due to Asia Cup matches being held in Sri Lanka. The PCB chairman, Zaka Ashraf, has sent a formal letter to the ACC president, Jay Shah, expressing disappointment over the handling of match scheduling and last-minute venue changes without consulting other ACC board members.

A total of 14,440 shares changed hands on the counter till 01:59PM (IST).

#ACC Got a solid trade today in it, I actually went for overnight set up but happy in Intra-day profits :)

A total of 12,099 shares changed hands on the counter till 01:19PM (IST).

The President of the Board of Control for Cricket in India (BCCI), Roger Binny, and Vice-President Rajeev Shukla have arrived in Pakistan for the Asia Cup 2023. They are attending the event after an invitation from the Pakistan Cricket Board (PCB). Binny and Shukla clarified that their visit is purely for cricket and not political reasons. The tournament is being held in Pakistan and Sri Lanka from August 30 to September 17. The Indian team did not tour Pakistan for the tournament, and future tours will be decided based on government advice.

A total of 10,032 shares changed hands on the counter till time (IST).

A total of 20,129 shares changed hands on the counter till 01:09PM (IST)

ACC, incorporated in the year 1936, is a Large Cap company (having a market cap of Rs 37781.86 Crore) operating in Cement sector.

Shares of Adani Green Energy fell 4.3%, while Adani Enterprises, Adani Transmission and Ambuja Cements fell nearly 4%. ACC bucked the trend, ending marginally higher.

The stock quoted a 52-week high of Rs 2784.95 and a 52-week low of Rs 1593.5.

A total of 21,189 shares changed hands on the counter till 02:00PM (IST).

A total of 9,484 shares changed hands on the counter till 01:24PM (IST)

The Adani group - through its buyout of ACC and Ambuja Cements - is the second largest manufacturer of cement in the country. It plans to double its existing capacity to 140 million tonnes in five years with an estimated capital expenditure of ₹47,000 crore.

ACC, incorporated in the year 1936, is a Large Cap company (having a market cap of Rs 37015.69 Crore) operating in Cement sector.

Promoters held 50.05 per cent stake in the company as of 30-Jun-2023, while FII and DII ownership stood at 9.98 per cent and 9.21 per cent, respectively.

Companies manufacturing cells - a key component of batteries used in electric vehicles, consumer electronics and high-tech electricity grids - have asked the government to make flexible the minimum capacity required to be set up for availing of incentives under the ₹18,100 crore production linked incentive (PLI) scheme for advanced chemistry cells (ACC).

On the technical charts, the RSI of the stock stood at 56.26.

The scheme aims to strengthen the ecosystem for Electric Mobility and Battery Storage in the country and aims to add to Atmanirbhar Bharat initiative. "In line with the scheme vision to ensure domestic value addition, the technology for the Advanced Chemistry Cells is being developed by all 3 beneficiaries, which is in advanced stages of development. The total investment till date by these beneficiary organisations has reached up to Rs 2,090 crore," the statement said.

On the technical charts, the 200-day moving average of the stock stood at Rs 2010.25.

A total of 3,072 shares changed hands on the counter till 01:41PM (IST).

Reliance Industries (RIL) plans to commission the first phase of its 20 GW solar photovoltaic giga factory in Jamnagar by March 2024. The factory will be commissioned in four phases of 5 GW each, and after the first phase, it will be scaled up to 10 GW and then to 20 GW by 2026.

A total of 7,237 shares changed hands on the counter till 12:18PM (IST)

Meanwhile, Worldwide Emerging Market Holding, part of the promoter group, offloaded a 1.2% stake. Another promoter entity Afro Asia Trade and Investments sold its entire stake in the deal. The promoter group entities together sold about 8.1% stake in Adani Power, bulk deals data further showed.

A total of 4,680 shares changed hands on the counter till 10:46AM (IST)

Strong operational performance helped boost the group's net profit, although overall sales saw a decline during the quarter. The comparative performance excludes the group's cement entities acquired after the first quarter of FY23.

The Pakistan Cricket Board (PCB) has invited Jay Shah, Secretary of the Board of Control for Cricket in India (BCCI) and President of the Asian Cricket Council, to attend the opening match of the Asia Cup between Pakistan and Nepal on 30 August. Alongside Shah, the heads of other boards involved in the Asian Cricket Council have been invited.

A total of 5,812 shares changed hands on the counter till 11:37AM (IST).

A total of 3,946 shares changed hands on the counter till 12:33PM (IST).

KR Choksey recommended accumulate rating on ACC with a target price of Rs 2166 in its research report dated August 14, 2023.

The Relative Strength Index of the stock stood at 45.33 on Wednesday.

In a video for Vogue India, the ‘Rocky Aur Rani Kii Prem Kahaani star was seen trying out various shades of lip colour and talking about her favourite way of applying lipstick.

India's demand for advanced chemistry cell batteries is expected to surge, from 20 GWh in 2022 to roughly 220 GWh by 2030, as a result of the robust local supply chain and thriving battery manufacturing. The growth will also be buoyed by the country's localisation of a significant percentage of the entire value chain, according to a new report by the Confederation of Indian Industry (CII).

There is no plan to reopen the application window for companies under the production linked incentive (PLI) scheme for the automobile sector, Parliament was informed on Friday. In a written reply to the Lok Sabha, Minister of State for Heavy Industries Krishan Pal Gurjar said that the ministry is implementing two PLI schemes - automobile and auto components, and advanced chemistry cell (ACC) battery storage.

The scheme aims to attract investments in key sectors and cutting-edge technology; ensure efficiency and bring economies of size and scale in the manufacturing sector; and make Indian companies and manufacturers globally competitive.

The stock quoted a 52-week high of Rs 2784.95 and a 52-week low of Rs 1593.5.

A total of 3,436 shares changed hands on the counter till 12:03PM (IST)

A total of 4,354 shares changed hands on the counter till 12:22PM (IST)

The digital clinic provides in-clinic consultation with at-home patient monitoring and care. A team of experts, including paramedics, nurses, cardio-therapists, health coaches and care managers, work together with the treating cardiologist to deliver improved patient health outcomes.

The BCCI has reduced the base price of title sponsor rights for international cricket matches held in India to INR 2.4 crore per match. The three-year title sponsor rights, covering 56 matches, will begin in September 2021 and end in August 2026. The decision follows the tepid demand for high-priced cricket properties and the exit of new-age brands, conserving cash. BCCI is targeting a larger number of brands for bidding and potential entry of a new sponsor category.

The government has granted Indian Oil chairman Shrikant Madhav Vaidya a rare tenure extension beyond his retirement thats due at the end of this month. ET was the first to report in June that the petroleum ministry had recommended a 2-year tenure extension for Vaidya.

Jubilant FoodWorks, Reliance Industries, ACC, and others emerged as key players in their respective sectors, reflecting their resilience and growth potential.

A total of 10,208 shares changed hands on the counter till 01:34PM (IST)

​​ACC, Sun Pharma, TCS, Tech Mahindra, HCL Technologies, Atul, Jubilant Food, IDBI Bank and Metropolis are good buying opportunities at current levels, said analysts.

Pakistan defeated India by a huge margin of 128 runs in the summit clash to win the trophy, but there was some criticism for the winners since they had plenty of players with international experience compared to a young Indian side.

IDFC First Bank is expected to see inflows of $200 million from global passive funds if included in the MSCI index. The stock has rallied nearly 48% so far this year. Power Finance, Ashok Leyland and Cummins India could see inflows of around $190 million each if these stocks are in the MSCI index.

"Coming to Adani Enterprises, instead of retail investors, this kind of business is definitely more meaningful if you are an institutional investor like pension fund, insurance fund, sovereign fund or a large-sized hedge fund, because it is producing unlocking of value in coming years. Also, I see the entire infrastructure portfolio of the company at the group level to begin with and then respective companies thereafter."

As of 30-Jun-2023, promoters held 50.05 per cent stake in the company, while FIIs held 9.98 per cent and domestic institutional investors had 9.21 per cent.

​So, we expect that in the September to December quarter somewhere you will see a significant improvement in the profitability of the cement companies.

"Sanghi Industries will be a debt-free company after the takeover. Ambuja and ACC combined had a cash balance of roughly Rs 11,800 crore as of Q1. This year, we would be adding another Rs 3,000 crore of free cash after capex, tax and dividends. With the Sanghi Industries acquisition, we would be looking to end this financial year with close to Rs 11,000 crore of cash," said Karan Adani.

The acquisition will be fully funded through internal accruals, said a statement from Ambuja Cements. Besides, it would make an offer to acquire another 26% or 6.71 crore equity shares from SIL's public shareholders

“Investment commitments in auto has overshot government expectation while on the other hand, investment commitments have underwhelmed governments vision for ACC, textile, and mobile electronics,” SBI MF economists stated, pointing out that Rs 2.9 lakh crore of investment commitments had been received against the perceived capex target of Rs 5 lakh crore.

Cabinet secretary Rajiv Gauba on Thursday reviewed the progress of the production-linked incentive scheme (PLI) for sectors that are "generally doing very well" like pharma and electronics, a senior official said. Another such review is expected for the remaining sectors, the official said.

The Appointments Committee of the Cabinet (ACC) has approved the extension in service to Gauba, a 1982-batch Indian Administrative Service (IAS) officer of the Jharkhand cadre, for a further period of one year beyond 30.08.2023, in relaxation of the All India Services (Death-cum-Retirement Benefits) Rules, 1958, and and Rule 56(d) of the Fundamental Rules, it said.