Ashok Leyland shares drop 0.24% as Sensex rises
The stock quoted a 52-week high of Rs 191.45 and a 52-week low of Rs 133.1.
Shares of traded 0.24 per cent lower in Monday's session at 12:07PM (IST). The stock opened at Rs 162.05 and has touched an intraday high and low of Rs 162.75 and Rs 159.75, respectively, during the session so far.The stock quoted a 52-week high of Rs 191.45 and a 52-week low of 133.1. About 378,301 shares changed hands on the counter so far.
Benchmark Nifty50 was down 0.7 points at 22022.65, while the BSE traded 32.76 points higher at 72676.19 at the time of writing of this report.
In the pack, 20 stocks traded the day in the green, while 30 were in the red.
Key Financials
For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 11119.45 crore, down 3.0 per cent from the previous quarter's Rs 11463.03 crore and down 6.61 per cent from the year-ago quarter. The company reported net profit of Rs 560.21 crore for the latest quarter.
Promoter Holdings
Promoters held 51.53 per cent stake in the company as of 31-Dec-2023, while FIIs held 20.48 per cent and MFs 8.71 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 174.02 on March 18, while the 50-DMA was at Rs 172.55. 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 well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.
Source: Stocks-Markets-Economic Times
