Page 2 - Acc Ltd News Today

A total of 3,603 shares changed hands on the counter till 10:10AM (IST)

Gautam Adani-led Adani group, which owns Ambuja Cements and ACC Ltd, is targeting to capture around one-fifth of the Indian cement market by FY28. Adani Cement business will implement its accelerated capex program through internal accruals and the business will continue to "remain debt free," said an investor presentation shared by Ambuja Cements.

At present, Adani Cement is the second leading company in the sector after the Aditya Birla group firm UltraTech Cements. Ambuja, with its subsidiaries ACC Ltd, has the capacity to produce 77.4 million tonnes of cement annually.

A total of 8,021 shares changed hands on the counter till 01:59PM (IST).

Promoters held 50.05 per cent stake in the company as of 31-Dec-2023, while FII and DII ownership stood at 6.24 per cent and 13.43 per cent, respectively.

A total of 7,482 shares changed hands on the counter till 01:58PM (IST).

On the technical charts, the RSI of the stock stood at 51.03.

A total of 3,888 shares changed hands on the counter till 10:50AM (IST)

A total of 3,703 shares changed hands on the counter till 12:23PM (IST)

The Relative Strength Index of the stock stood at 57.68 on Monday.