ACC Stock Faces Decline, MarketsMOJO Issues 'Hold' Call.

ACC, a leading player in the cement industry, has recently faced a decline in its stock price. On October 7th, 2024, the company's stock lost -3.1%, underperforming the sector by -2.33%. This has led to a 'Hold' call by MarketsMOJO for the stock.

The stock has been on a downward trend for the past four days, with a consecutive fall of -5.98% in this period. On the same day, the stock touched an intraday low of Rs 2351.65, a decrease of -3.31%. ACC is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the overall performance of the Sensex, ACC's 1-day performance is -3.07%, while the Sensex has only seen a -0.25% decrease. Similarly, in the past month, ACC's performance has been -2.98%, while the Sensex has seen a slight increase of 0.37%.

While the reasons for this decline in stock price are not mentioned, investors should keep an eye on the company's performance in the coming days. With a 'Hold' call from MarketsMOJO, it is important to monitor the stock's movement and wait for further updates from the company.