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    Ashok Leyland share price up 3.11 per cent

    Synopsis

    A total of 581,159 shares changed hands on the counter till 10:05AM (IST).

    Once equity investing is viewed as a viable alternative to savings in the form of assets like property, gold and bank deposits, we may witness a spread of liquidity to a broader set of stocks.

    INSIGHTS

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    PEER COMPANIES

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    Shares of Ltd. traded 3.11 per cent up at Rs 116.0 at around 10:05AM (IST) on Wednesday. The stock had closed at Rs 112.5 in the previous session. Equity benchmark Sensex traded 355.88 points higher at 49557.27 around the same time.


    The scrip has climbed 191.09 per cent in the last one year till date, while the 30-share index has gained 79.6 per cent during the same period.

    The stock's 52-week high price stood at Rs 138.85 and the 52-week low price at Rs 37.35.

    Trading volume on the counter stood at 581,159 shares, while it quoted a price-to-earnings ratio of -68.08, an EPS value of -1.7 and a price-to-book value of 1.62. In the Nifty50 pack, 43 stocks traded in the green, while 7 stocks were in the red.

    Promoter/FII Holding
    Promoters held 51.54 per cent stake in the company as of 31-Dec-2020, while FII and MF ownership stood at 16.3 per cent and 10.97 per cent, respectively.

    Key Financials
    For the quarter ended 31-Dec-2020, the company reported consolidated sales of Rs 6000.28 crore, up 54.74 per cent from the previous quarter's Rs 3877.62 crore and up 15.2 per cent from the year-ago quarter's Rs 5208.53 crore. The company reported net profit of Rs 14.24 crore for the latest quarter.

    Technical Indicators
    The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

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