ACC Stock Price Declines - Underperforms Market, But Long-Term Trend Remains Positive

ACC, one of the leading cement companies in India, saw a decline in its stock price on August 1st, 2024. The stock lost -3.21% and closed at Rs 2520.75. This underperformance was reflected in the stock's performance today, as it fell -1.89% below the sector average.

ACC has been on a downward trend for the past four days, with a total decline of -3.61% during this period. The stock touched an intraday low of Rs 2513.75, showing a decrease of -2.94%. However, it is worth noting that ACC's stock price is still higher than its 200-day moving average, indicating a positive long-term trend.

MarketsMOJO has given a 'Hold' call for ACC's stock, suggesting that investors should hold onto their current positions. This recommendation is based on the stock's recent performance and market trends, rather than any future potential or expert opinions.

In comparison to the overall market performance, ACC's stock has underperformed. On the same day, the Sensex, India's benchmark index, had a minimal increase of 0.04%. In the past month, ACC's stock has also seen a decline of -8.85%, while the Sensex has shown a positive growth of 2.89%.

Overall, ACC's stock has had a mixed performance recently, with a short-term decline but a positive long-term trend. Investors should keep an eye on the stock's performance and market trends before making any investment decisions.