Monday, September 27, 2021
HomeBanking and financeShare price of ACC rises as Nifty strengthens

Share price of ACC rises as Nifty strengthens


Shares of Ltd. gained 0.76 per cent to Rs 2460.4 in Wednesday’s commerce as of 10:41AM (IST). The inventory hit a excessive worth of Rs 2467.3 and low of Rs 2444.8 through the session.

The return on fairness (ROE) for the inventory stood at 11.26 per cent. Traded quantity on the counter stood at 10:41AM shares and turnover at Rs 0.39 crore round that point. The inventory of ACC Ltd. quoted a 52-week excessive worth of Rs 2506.35 and 52-week low costs of Rs 1295.25, respectively.

The inventory’s Beta worth, which measures its volatility in relation to the broader market, stood at 1.31.



Promotor/FII Holding

Promoters held 50.05 per cent stake within the firm as of 30-Jun-2021, whereas international traders held 13.57 per cent and home institutional traders had 8.46 per cent.

Key Financials

The corporate reported consolidated gross sales of Rs 3930.49 crore for the quarter ended 30-Jun-2021, down 9.35 per cent from earlier quarter’s Rs 4335.94 crore and down 48.12 per cent from the year-ago quarter’s Rs 2653.52 crore. Web revenue after tax for the newest quarter stood at Rs 569.42 crore, up 110.18 per cent from the identical quarter a yr in the past.

Technicals
The MACD signalled a bullish bias on the counter. The MACD is understood for signalling pattern reversals in traded securities or indices.

It’s the distinction between the 26-day and 12-day exponential shifting averages. A nine-day exponential shifting common, known as the sign line, is plotted on topof the MACD to mirror “purchase” or “promote” alternatives. When the MACD crosses beneath the sign line, it offers a bearish sign, indicating that the value of the safety might even see a downward motion and vice versa.



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