Ashok Leyland stock price down 0.2 per cent as Sensex climbs
Ashok Leyland Ltd. fell 0.2 per cent to Rs 172.0 at 11:41AM hours (IST) on Monday. Earlier in the day, the stock saw a gap down start to the session.
As per data available on BSE, total traded quantity on the counter stood at 217,950 shares with a turnover of Rs 3.75 crore till 11:41AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 21.18, while the price-to-book value ratio stood at 4.78.
Return on equity (ROE) was at 14.57 per cent, according to exchange data. The stock hit an intraday high of Rs 173.95 and a low of Rs 170.75 during the session and quoted a 52-week high price of Rs 191.45 and a 52-week low of Rs 133.1.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.55.
Technical Indicators
The 200-DMA (day moving average) of the stock stood at Rs 173.23 on March 04, while the 50-DMA was at Rs 174.8. 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 below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.
The Relative Strength Index (RSI) of the stood at 46.75. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.
Promoter holding
As of 31-Dec-2023, promoters held 51.53 per cent stake in the company, while foreign institutional investors held 20.48 per cent and
