ashok leyland share price: Ashok Leyland stock price down 1.74 per cent as Sensex climbs

Shares of Ltd. fell 1.74 per cent to Rs 132.9 at 01:12PM hours (IST) on Thursday. 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 1,096,311 shares with a turnover of Rs 14.72 crore till 01:12PM (IST). The stock traded at a price-to-earnings (P/E) multiple of -236.2, 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 137.2 and a low of Rs 132.7 during the session and quoted a 52-week high price of Rs 143.25 and a 52-week low of Rs 48.85.

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 113.08 on August 05, while the 50-DMA was at Rs 125.41. 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 58.1. 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-2021, promoters held 51.54 per cent stake in the company, while FIIs held 17.04 per cent and domestic institutional investors had 18.16 per cent.

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