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MUMBAI: ACC Ltd, the country's biggest cement maker, fell for a second day on the Mumbai stock exchange on news that Macquarie Securities Ltd has downgraded the stock and analysts cut their earnings forecasts for the company.

ACC shares dropped 5.2 per cent to Rs 981.90 as of 12:23 p.m., after a 14 per cent plunge yesterday erased this year's gains.

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