ACC declines 1.24% as Sensex slides

Shares of ACC Ltd. traded at Rs 2493.35 on BSE at 12:58PM (IST) on Friday, down 1.24 per cent from previous close.

The scrip quoted a 52-week low price of Rs 1704.2 and a high of Rs 2759.95.

Earlier, the stock saw a gap up opening in the morning.

A total of 6,875 lakh shares changed hands on the counter till 12:58PM (IST).

The stock of ACC Ltd. commanded a market value of Rs 47473.56 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 29.17, while the price-to-book value ratio stood at 2.22. Return on equity (ROE) was at 6.26 per cent, according to exchange data.

In the BSE500 pack, 239 stocks traded in the green, while 261 stocks were in the red.

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

Promotor/FII Holding
Promoters held 50.05 per cent in ACC Ltd. as of 31-Mar-2024 while foreign and domestic institutional investors owned 6.18 per cent and 14.5 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 2149.7 on April 12, while the 50-DMA was at 2573.37. If a stock trades below 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 as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.