Market

ACC shares gain 1.71% as Sensex rises

Shares of Ltd. traded 1.71 per cent higher in Friday’s session at 11:28AM (IST). The stock opened at Rs 1900.0 and has touched an intraday high and low of Rs 1928.75 and Rs 1897.2, respectively, during the session so far.

The stock quoted a 52-week high of Rs 2022.75 and a 52-week low of 1126.4. About 7,675 shares changed hands on the counter so far.

Benchmark Nifty50 was up 101.25 points at 14826.05, while the BSE Sensex traded 328.17 points higher at 49277.93 at the time of writing of this report.

In the Nifty pack, 38 stocks traded the day in the green, while 11 were in the red.

Key Financials

For the quarter ended 31-Mar-2021, the company reported consolidated sales of Rs 4335.94 crore, up 3.02 per cent from the previous quarter’s Rs 4208.75 crore and up 21.88 per cent from the year-ago quarter. The company reported net profit of Rs 562.57 crore for the latest quarter.

Promoter Holdings

Promoters held 54.53 per cent stake in the company as of 31-Mar-2021, while FIIs held 22.87 per cent and MFs 9.1 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 1633.1 on May 07, while the 50-DMA was at Rs 1841.31. 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.

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