Ashok Leyland stock price down 1.65 per cent as Sensex slides
As of 31-Mar-2024, promoters held 0.0 per cent stake in the company, while FIIs held 21.28 per cent and domestic institutional investors had 5.79 per cent.
Shares of fell 1.65 per cent to Rs 222.95 at 12:17PM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap down start to the session.As per data available on , total traded quantity on the counter stood at 509,526 shares with a turnover of Rs 11.48 crore till 12:17PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 26.47, while the price-to-book value ratio stood at 5.58.
Return on equity (ROE) was at 27.58 per cent, according to exchange data. The stock hit an intraday high of Rs 228.95 and a low of Rs 222.6 during the session and quoted a 52-week high price of Rs 230.7 and a 52-week low of Rs 144.5.
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 178.92 on May 29, while the 50-DMA was at Rs 186.67. 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 70.97. 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-2024, promoters held 51.52 per cent stake in the company, while overseas investors held 21.45 per cent and domestic institutional investors had 11.99 per cent.
Source: Stocks-Markets-Economic Times
