Ashok Leyland share price down 0.96 per cent

economictimes.indiatimes.com:

Ashok Leyland Ltd. traded 0.96 per cent up at Rs 181.1 at around 01:08PM (IST) on Wednesday. The stock had closed at Rs 182.85 in the previous session.

Equity benchmark Sensex traded 391.99 points higher at 66747.7 around the same time. The scrip has climbed 24.94 per cent in the last one year till date, while the 30-share index has gained 19.05 per cent during the same period. The stock's 52-week high price stood at Rs 186.45 and the 52-week low price at Rs 133.1.

Trading volume on the counter stood at 535,964 shares, while it quoted a price-to-earnings ratio of 29.87, an EPS value of 6.06 and a price-to-book value of 4.78. In the Nifty50 pack, 36 stocks traded in the green, while 14 stocks were in the red.Promoter/FII Holding Promoters held 51.53 per cent stake in the company as of 30-Jun-2023, while FII and mutual funds' ownership stood at 16.59 per cent and 13.24 per cent, respectively.Key Financials For the quarter ended 30-Jun-2023, the company reported consolidated sales of Rs 9735.45 crore, down 26.43 per cent from the previous quarter's Rs 13233.16 crore and down 34.31 per cent from the year-ago quarter's Rs 7248.49 crore. The company reported net profit of Rs 543.89 crore for the latest quarter.Technical Indicators The MACD signalled a bullish bias on the counter.

The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect «buy» or «sell» opportunities.