Ashok Leyland shares rise 0.81 per cent in Tuesday's trading session
Ashok Leyland Ltd. rose 0.81 per cent to Rs 178.4 in Tuesday's trade as of 10:25AM (IST) even as the benchmark Nifty ruled at 19510.35, down 127.95 points.
The scrip had closed at Rs 176.95 in the previous session.
The stock quoted a 52-week low of Rs 133.1 and a high of Rs 191.45. The company quoted a market-cap of Rs 52439.23 crore on the BSE.
On BSE, 223,216 shares have changed hands on the counter so far.
At its prevailing price, the stock traded at 29.47 times its trailing 12-month EPS of Rs 6.06 per share and 4.78 times its book value. The return on equity (ROE) stood at Rs 14.57.
Key Financials For the quarter ended 30-Jun-2023, Ashok Leyland Ltd.
reported consolidated sales of Rs 9735.45 crore, down 34.31 per cent from the same quarter a year ago. The company reported 699.25 per cent YoY growth in net profit at Rs 543.89 crore for the latest quarter.
Technical indicators The relative strength index (RSI) of the stock stood at Tuesday.
The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.
Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a «buy» or «sell» recommendation using a single valuation ratio.
