On the technical chart, the stock’s RSI is 25.16.

ACC Limited (ACC) is a leading player in the Indian building materials market, manufacturing, and marketing in India. With 17 cement plants, 85 ready-mixed concrete plants, more than 6,600 skilled employees, an extensive distribution network of 56,000 dealers and retailers, and sales offices throughout the country, the company makes a significant contribution to the national landscape.

For more than 80 years, ACC has been synonymous with cement, forging a reputation as a pioneering organization that continues to set new standards in research and product innovation.

Shares of ACC Ltd fell 5.46% to Rs 1,728.0 at 1:11 p.m. (IST) on Wednesday, while BSE benchmark Sensex fell 690.87 points to 59,981 .85.

The stock closed at Rs 1827.85 in the previous session. The stock traded at a 52-week high of 2,784.95 rupees and a 52-week low of 1,696.05 rupees, respectively. Total OTC volume stood at 24,996 shares with a turnover of Rs 4.42 crore as of 1:11 p.m. (IST), according to BSE data.

At current prices, the stock is trading at 50.08 times its 12-month EPS of Rs 34.58 and 2.91 times its book value, according to exchange rate data.

A higher P/E ratio indicates investors are willing to pay more for a stock’s price today in anticipation of future growth.

Book value represents the intrinsic value of a business and reflects the price investors are willing to pay even if the business does not grow. The stock has a beta of 1.31, which measures its volatility relative to the broader market.

As of December 31, 2022, the promoters hold 50.05% of the shares of the company, while the FII holds 11.96% and the DII holds 8.22%.

On technical charts, the stock has a Relative Strength Index (RSI) of 25.16. RSI oscillates between 0 and 100. Traditionally, an RSI value is considered overbought when it is above 70 and oversold when it is below 30. Chartists say that the RSI should not be considered in isolation because it may not be enough to make a trade call, just as fundamental analysts cannot give a “buy” or “sell” recommendation using a single valuation ratio.