Ashok Leyland shares drop 0.41% as Sensex falls
Ashok Leyland Ltd. traded 0.41 per cent lower in Tuesday's session at 01:14PM (IST). The stock opened at Rs 169.1 and has touched an intraday high and low of Rs 169.6 and Rs 168.25, respectively, during the session so far.
The stock quoted a 52-week high of Rs 191.45 and a 52-week low of 133.1. About 67,545 shares changed hands on the counter so far.
Benchmark Nifty50 was down 48.45 points at 19363.3, while the BSE Sensex traded 202.21 points lower at 64756.48 at the time of writing of this report.
In the Nifty pack, 22 stocks traded the day in the green, while 28 were in the red.
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. The company reported net profit of Rs 543.89 crore for the latest quarter.
Promoter Holdings Promoters held 51.53 per cent stake in the company as of 30-Sep-2023, while FIIs held 20.21 per cent and MFs 10.1 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 160.51 on November 07, while the 50-DMA was at Rs 176.97. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward.
