Ashok Leyland shares drop 0.28% as Sensex falls
The stock quoted a 52-week high of Rs 245.6 and a 52-week low of Rs 157.65.
Shares of traded 0.28 per cent lower in Thursday's session at 12:07PM (IST). The stock opened at Rs 225.95 and has touched an intraday high and low of Rs 227.1 and Rs 225.25, respectively, during the session so far.The stock quoted a 52-week high of Rs 245.6 and a 52-week low of 157.65. About 336,536 shares changed hands on the counter so far.
Benchmark Nifty50 was down 107.71 points at 24216.75, while the BSE traded 391.11 points lower at 79533.66 at the time of writing of this report.
In the pack, 17 stocks traded the day in the green, while 33 were in the red.
Key Financials
For the quarter ended 31-Mar-2024, the company reported consolidated sales of Rs 13613.29 crore, up 22.43 per cent from the previous quarter's Rs 11119.45 crore and up 2.87 per cent from the year-ago quarter. The company reported net profit of Rs 853.41 crore for the latest quarter.
Promoter Holdings
Promoters held 51.52 per cent stake in the company as of 31-Mar-2024, while FIIs held 21.45 per cent and MFs 5.84 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 186.02 on July 11, while the 50-DMA was at Rs 222.13. 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
