Ashok Leyland stock price up 0.61 per cent as Sensex climbs
Ashok Leyland Ltd. rose 0.61 per cent to Rs 188.05 at 11:53AM hours (IST) on Tuesday.
Earlier in the day, the stock saw a gap up start to the session.
As per data available on BSE, total traded quantity on the counter stood at 290,379 shares with a turnover of Rs 546.0 crore till 11:53AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 31.02, 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 189.0 and a low of Rs 186.65 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 152.41 on August 22, while the 50-DMA was at Rs 173.73. 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 66.92.
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 30-Jun-2023, promoters held 51.53 per cent stake in the company, while FIIs held 16.59 per cent and domestic institutional investors had 20.79 per cent.
