ACC Adjusts Evaluation Amid Mixed Technical Indicators and Modest Profit Growth

ACC, a prominent player in the Cement & Cement Products industry, has recently undergone an adjustment in evaluation, reflecting changes in its technical indicators. The stock's current price stands at 1888.20, slightly above the previous close of 1876.60. Over the past year, ACC has experienced a return of -21.41%, contrasting with a 9.49% return from the Sensex during the same period.
The company's technical trends have shifted, with the MACD indicating a mildly bullish stance on a weekly basis, while the monthly perspective remains bearish. The Relative Strength Index (RSI) shows no signals for both weekly and monthly periods, suggesting a neutral momentum. Additionally, the Bollinger Bands and moving averages indicate a mildly bearish outlook.

Despite a low debt-to-equity ratio and a return on equity of 12.5, ACC's operating profit growth has been modest, averaging 2.17% annually over the last five years. The stock is trading at a discount compared to its peers, with high institutional holdings at 29.91%, indicating a level of confidence among larger investors.

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