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    Shares of ACC fall as Nifty gains

    Synopsis

    On the technical charts, the 200-day moving average of the stock stood at Rs 2294.78.

    tech view 2Shutterstock.com
    RSI has turned north from the 60 level, confirming bullishness.
    Shares of ACC Ltd. slipped 0.65 per cent to Rs 2458.95 in Wednesday's trade as of 01:45PM (IST). It hit a high of Rs 2475.0 and low of Rs 2449.0 during the session.

    The stock quoted a 52-week high price of Rs 2784.95 and a low of Rs 1900.5. The return on equity for the stock stood at 13.01 per cent. About 2,229 shares have changed hands on the counter so far.

    The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.31.

    The scrip has been an outperformer, up 14.3 per cent in the past one year in comparison with a 8.24 per cent gain in Sensex.

    Technicals
    On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 1900.5 on December 28, while the 50-DMA was at Rs 2475.43. If a stock trades well 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 a bearish trend and if trades between these averages, then it suggests the stock can go either way.

    Promoter/FII Holding
    Promoters held 50.05 per cent stake in ACC Ltd. as of 30-Sep-2022. Mutual funds and foreign institutional investors held 9.38 per cent and 12.11 per cent stake.



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    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

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