ACC Cement Stock Shows Strong Short-Term Gains Amid High Volatility Concerns

Jan 16 2025 09:30 AM IST
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ACC, a prominent cement company, experienced notable gains on January 16, 2025, with a three-day increase of 9.37%. The stock showed high volatility and opened higher, reaching an intraday peak. Despite recent gains, ACC's monthly performance reflects a decline, contrasting with the broader market trends.
ACC, a key player in the cement industry, saw a significant gain of 3.65% on January 16, 2025, outperforming its sector by 2.7%. This positive momentum is underscored by a three-day consecutive gain totaling 9.37%. The stock opened with a 2.19% increase and reached an intraday high of Rs 2044.8, reflecting a rise of 3.96%.

Despite this upward movement, ACC experienced high volatility, with an intraday volatility rate of 49.95%. In terms of moving averages, the current price is above the 5-day moving average but below the 20-day, 50-day, 100-day, and 200-day moving averages. Over the past day, ACC's performance of 3.99% contrasts with the Sensex's modest increase of 0.55%. However, on a monthly scale, ACC has faced a decline of 8.80%, while the Sensex decreased by 5.63%.
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