Ashok Leyland stock price up 0.71 per cent as Sensex climbs

Shares of Ltd. rose 0.71 per cent to Rs 126.8 at 10:36AM 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 183,516 shares with a turnover of Rs 2.33 crore till 10:36AM (IST). The stock traded at a price-to-earnings (P/E) multiple of -225.45, while the price-to-book value ratio stood at 1.62.

Return on equity (ROE) was at -2.1 per cent, according to exchange data. The stock hit an intraday high of Rs 127.35 and a low of Rs 126.25 during the session and quoted a 52-week high price of Rs 138.85 and a 52-week low of Rs 48.0.

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 108.8 on July 13, while the 50-DMA was at Rs 122.44. 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 58.29. 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-Mar-2021, promoters held 51.54 per cent stake in the company, while FIIs held 18.08 per cent and domestic institutional investors had 16.72 per cent.

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