ACC

ACC (₹1,230.0) is exhibiting a sharp but weak daily rebound against a persistent medium-term downtrend. On 5 November 2026, the stock surged +3.8% on extreme volume (volume ratio 3.59), marking the third consecutive day of upward anomalies. While price sits above key short-term indicators (20-day and 50-day EMAs/SMAs and the Supertrend), the Daily ADX remains low at 19.68, signaling weak trend conviction. This daily bounce contrasts sharply with the Weekly and Monthly charts, where price remains below all major moving averages and Supertrends, confirming the broader bearish structure. The stock is trading near its 20-day range high (+95.0%) but remains significantly depressed from yearly highs (-41.1% drawdown). Immediate resistance lies just above at ₹1,236.37 (+0.52%), while support is clustered tightly between ₹1,200.87 and ₹1,216.43.

ACC Limited disclosed substantive strategic developments during its earnings call on October 29, 2026, for the quarter and half-year ended September 30, 2026. Management outlined a 14-project expansion program aimed at adding approximately 30 million tons of cement and 10.3 million tons of clinker capacity, supported by an estimated capital expenditure of INR 14,500 crore. Additionally, the company confirmed that proposed mergers with Ambuja Cements and Orient Cement are proceeding to the National Company Law Tribunal (NCLT) for final approvals. These filings were submitted to the NSE on November 3, 2026. On November 5, 2026, ACC reported a routine administrative update regarding a change in the corporate office address of its Registrar and Share Transfer Agent, KFin Technologies Limited, effective December 1, 2026. As of November 5, 2026, ACC’s shares closed at ₹1,230.00, reflecting a 3.8% gain over the prior day, though the stock remains down 29.3% year-to-date and has experienced a maximum drawdown of 46.1%. Technical indicators show mixed signals, with daily trends appearing bullish while weekly and monthly trends remain bearish.

ACC Limited has disclosed two substantive developments relevant to retail investors: a strategic expansion program and a proposed corporate restructuring. On October 29, 2026, management outlined a 14-project expansion adding approximately 30 million tons of cement and 10.3 million tons of clinker capacity, backed by an estimated INR14,500 crore capital expenditure. Concurrently, the company confirmed that proposed mergers of ACC and Orient Cement with Ambuja Cements are proceeding to the National Company Law Tribunal (NCLT) for final approvals. Additionally, on November 5, 2026, ACC notified the exchange of a change in its Registrar and Share Transfer Agent’s (KFin Technologies Limited) corporate office address, effective December 1, 2026, which does not alter other RTA details or shareholder services.

ACC’s Q2 FY2026-27 results (Sep 2026) reveal a sharp deterioration in profitability and cash generation despite stable top-line performance. Revenue from operations decreased sequentially to ₹5,689 crore, while Net Profit fell sharply to ₹93 crore from ₹147 crore in Q1. This decline is driven by a significant drop in Other Income, which fell to ₹37 crore from ₹225 crore in the prior year quarter, and rising interest costs of ₹40 crore.

Earnings quality has weakened materially. Cash from Operating Activity turned negative at -₹1,364 crore for the year ended Mar 2026, compared to positive flows in previous years. The Cash Conversion Cycle expanded to 32 days, with Debtor Days jumping to 54 days, indicating slower collections. ROCE declined to 11% from 17% in Mar 2025. While Fixed Assets grew to ₹12,091 crore and CWIP reduced to ₹1,662 crore, suggesting capital expenditure completion, the balance sheet shows increased leverage with Borrowings rising to ₹513 crore as of Sep 2026. Promoter holding remains steady at 56.69%, but DIIs reduced their stake to 20.97%.

ACC faces significant downside pressure, evidenced by a -41.1% current drawdown from its peak and a maximum drawdown of -46.1%. The stock has declined -32.9% over the past year and is down -29.3% year-to-date as of November 6, 2026. Technical indicators reinforce this weakness: the monthly trend is bearish with the Plus DI (9.41) well below the Minus DI (26.73), and the weekly trend shows strong downward momentum with the EMA-20 slope at -60.27. While the daily Supertrend remains bullish, the price action is constrained by immediate resistance at ₹1,236.37, just 0.52% above the closing price of ₹1,230.00 on November 5. Support levels are clustered tightly between ₹1,213.95 and ₹1,216.43, offering limited cushion against further volatility.