ACC Ltd Hits 52-Week Low Amid Broader Cement Sector Challenges
ACC Ltd, a prominent cement manufacturer, recently closed at a 52-week low, reflecting a significant decline over the past four days. The stock is trading below multiple moving averages, indicating a bearish trend, while the broader cement sector has also faced challenges, contributing to ACC's notable year-over-year drop.
ACC Ltd, a key player in the cement industry, has recently reached a 52-week low, closing at Rs 1867.15 on January 13, 2025, and is currently just 0.37% away from this low point. The stock has seen a notable decline of 7.14% over the past four days, underperforming its sector by 0.88% today. During the trading session, ACC hit an intraday low of Rs 1872.5, reflecting a decrease of 3.05%.From a technical perspective, ACC is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The broader cement sector has also faced challenges, with a decline of 2.17%. Over the past year, ACC Ltd has experienced a significant drop of 19.82%, contrasting sharply with the Sensex, which has gained 5.35% during the same period. These metrics underscore the ongoing struggles faced by ACC in a competitive market environment.
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