Ashok Leyland stock price up 0.88 per cent as Sensex climbs

Shares of Ashok Leyland Ltd. rose 0.88 per cent to Rs 176.95 at 12:08PM 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 379,982 shares with a turnover of Rs 6.7 crore till 12:08PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 24.09, while the price-to-book value ratio stood at 4.78.

Return on equity (ROE) was at 14.57 per cent, according to exchange data. The stock hit an intraday high of Rs 177.45 and a low of Rs 175.8 during the session and quoted a 52-week high price of Rs 191.45 and a 52-week low of Rs 133.1.


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 167.36 on January 11, while the 50-DMA was at Rs 175.32. 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 50.33. 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-Sep-2023, promoters held 51.53 per cent stake in the company, while overseas investors held 20.21 per cent and domestic institutional investors had 16.5 per cent.