Latest Stock Market News

A total of 10,221 shares changed hands on the counter till 11:21AM (IST)

On the technical charts, the 200-day moving average of the stock stood at Rs 1543.03.

The chief executive officer (CEO) and chief operating officer (COO) stepped down from their position, which was accepted and approved by the company board.

The company had on Wednesday reported 58 per cent YoY drop in net profit at Rs 29.01 crore despite a 35.94 per cent jump in revenues at Rs 1,098.36 crore

The stock quoted a 52-week high price of Rs 3013.0 and low of Rs 1555.9.

At the interbank foreign exchange, the rupee opened flat at 74.90 against the US dollar, then slipped further to 75.05, registering a decline of 21 paise from the last close.

As of 31-Dec-2021, promoters held 0.0 per cent stake in the company, while FIIs held 25.07 per cent and domestic institutional investors had 12.68 per cent.

ACC Ltd., incorporated in the year 1936, is a Large Cap company (having a market cap of Rs 43453.97 Crore) operating in Cement sector.

Global cues were firm, helping the BSE Sensex rise 148.16 points or 0.25 per cent to 58,614.13 in early trade. The NSE Nifty50 stood at 17,530.35, up 66.55 points or 0.38 per cent

"ETF investors have also moved to side-lines after recent inflows. Gold has continued to rise indicating buying interest however it may halt as US inflation data today may add to expectations that Fed may act soon," said Ravindra Rao, CMT, EPAT, VP- Head Commodity Research.