Ashok Leyland shares up 1.28% as Sensex rises
A total of 309,234 shares changed hands on the counter till 10:45AM (IST)
Shares of gained 1.28 per cent to Rs 229.0 in Tuesday's session as of 10:45AM (IST) even as the equity benchmark traded 217.74 points higher at 80178.12.Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 245.6 and a 52-week low of Rs 157.65 on . Around 309234 shares changed hands on the counter till 10:45AM (IST).
The stock opened at Rs 226.7 and has touched an intraday high and low of Rs 230.4 and Rs 226.7 during the session so far. The scrip quoted a price-to-earnings (PE) ratio of 27.02, earnings per share (EPS) of Rs 8.46 and price to book value (PB) of 5.58, while the return on equity (ROE) stood at Rs 27.58.
Promoter/ FII Holding
The promoters held 51.52 per cent stake in the company as of July 09, while FII and MF ownerships stood at 21.45 per cent and 5.84 per cent, respectively.
Key Financials
With a market capitalisation of Rs 67109.76 crore, the company operates in the Auto - Cars/UV/CV industry. 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 same quarter a year ago. The company reported net profit of Rs 853.41 crore for the latest quarter, up 13.41 per cent from the corresponding quarter last year.
Technical Indicators
The relative strength index (RSI) of the stock stands at 49.16. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.
Source: Stocks-Markets-Economic Times
