ACC Cement Faces Persistent Stock Decline Amid Broader Market Challenges

Jan 13 2025 02:35 PM IST
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ACC, a prominent cement company, has encountered notable difficulties in its stock performance, reaching a new 52-week low. Over the past month, its shares have significantly underperformed compared to the broader market, reflecting ongoing challenges in the current economic landscape and a consistent downward trend in its price.
ACC, a key player in the cement industry, has faced significant challenges in its stock performance today, with shares declining by 4.19% and hitting a new 52-week low of Rs. 1864. This decline reflects a broader trend, as the stock has dropped 7.43% over the past four days, underperforming the cement sector, which has seen a decrease of 2.38%.

In a wider market context, ACC's one-day performance of -4.48% stands in stark contrast to the Sensex's decline of only 1.29%. Over the past month, ACC's stock has decreased by 18.00%, significantly underperforming the Sensex, which has dropped 7.01%.

Currently, ACC's stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend in its price. This performance highlights the challenges ACC is facing in the current market environment.
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