ACC Stock Plummets -9.65% as Cement Sector Sees Overall Decline

ACC, a leading cement company in the largecap industry, has been facing a downward trend in its stock performance. According to MarketsMOJO, the stock has been given a 'Sell' call, with a significant loss of -9.65% in today's trading session.

The stock opened with a gap down of -9.65%, underperforming the sector by -7.77%. It touched an intraday low of Rs 1966.55, a decrease of -10.04%. ACC is currently trading below its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages, indicating a bearish trend.

The cement sector as a whole has also seen a decline of -2.27%. In comparison, ACC's 1 day performance is -14.27%, while the Sensex has only seen a -0.87% decrease. Over the past month, ACC's performance has been even worse, with a decline of -18.55%, while the Sensex has only seen a -5.23% decrease.

This recent decline in ACC's stock can be attributed to various factors, such as the overall market sentiment and the impact of the COVID-19 pandemic on the construction industry. However, it is important to note that this is not a recommendation to buy or sell the stock, as MarketsMOJO does not consider future potential or expert opinions in their analysis.

In conclusion, ACC's stock has been underperforming in the current market conditions, and investors should carefully consider their options before making any decisions regarding this stock.