Ashok Leyland shares gain 0.79% as Sensex rises

economictimes.indiatimes.com:

Ashok Leyland Ltd. traded 0.79 per cent higher in Monday's session at 12:43PM (IST). The stock opened at Rs 176.95 and has touched an intraday high and low of Rs 178.1 and Rs 175.55, respectively, during the session so far.
The stock quoted a 52-week high of Rs 191.45 and a 52-week low of 135.2. About 1,173,348 shares changed hands on the counter so far.

Benchmark Nifty50 was up 161.15 points at 22674.85, while the BSE Sensex traded 540.68 points higher at 74788.9 at the time of writing of this report.
In the Nifty pack, 40 stocks traded the day in the green, while 10 were in the red.

Key Financials For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 11119.45 crore, down 3.0 per cent from the previous quarter's Rs 11463.03 crore and down 6.61 per cent from the year-ago quarter. The company reported net profit of Rs 560.21 crore for the latest quarter.
Promoter Holdings Promoters held 51.53 per cent stake in the company as of 31-Dec-2023, while FIIs held 20.48 per cent and MFs 8.71 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 175.11 on April 08, while the 50-DMA was at Rs 171.56. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.