ACC shares gain 1.05% as Sensex falls

Shares of ACC Ltd. traded 1.05 per cent higher in Friday's session at 12:25PM (IST). The stock opened at Rs 2460.9 and has touched an intraday high and low of Rs 2495.15 and Rs 2458.9, respectively, during the session so far.

The stock quoted a 52-week high of Rs 2784.95 and a 52-week low of 1900.5. About 4,892 shares changed hands on the counter so far.

Benchmark Nifty50 was down 12.3 points at 18471.8, while the BSE Sensex traded 94.64 points lower at 62178.04 at the time of writing of this report.

In the Nifty pack, 28 stocks traded the day in the green, while 22 were in the red.


Key Financials
For the quarter ended 30-Sep-2022, the company reported consolidated sales of Rs 4057.08 crore, down 10.29 per cent from the previous quarter's Rs 4522.28 crore and down 6.42 per cent from the year-ago quarter. The company reported net loss of Rs 87.35 crore for the latest quarter.

Promoter Holdings
Promoters held 56.68 per cent stake in the company as of 30-Sep-2022, while FIIs held 22.63 per cent and MFs 8.81 per cent.

Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 2246.02 on November 25, while the 50-DMA was at Rs 2415.61. 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 well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.