Recommended stocks on – 27.12.2024
ACC LTD -
Ø Buy price : 2103 & 2070
Ø Strong Support : 2060
Ø Resistance price : 2124 – 2137 – 2144 - 2150
Reasons for Buy Recommended –
ACC reported a 39% decline in net profit to ₹2.34 billion for the quarter ending September 30, 2024, surpassing analysts' expectations of ₹2.18 billion. Revenue from operations increased by 4% to ₹46.08 billion, while expenses rose by approximately 8% due to a 17% surge in input costs.
The recent sharp decline in stock price indicates heightened volatility, which could present opportunities for short-term investors.
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