Ashok Leyland shares gain 0.4% as Sensex rises

Ashok Leyland shares gain 0.4% as Sensex rises
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Synopsis

The stock quoted a 52-week high of Rs 138.85 and a 52-week low of Rs 42.05.

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Shares of Ltd. traded 0.4 per cent higher in Thursday's session at 01:27PM (IST). The stock opened at Rs 113.3 and has touched an intraday high and low of Rs 113.3 and Rs 111.15, respectively, during the session so far.

The stock quoted a 52-week high of Rs 138.85 and a 52-week low of 42.05. About 322,988 shares changed hands on the counter so far.

Benchmark Nifty50 was up 72.15 points at 14690.00, while the BSE Sensex traded 189.31 points higher at 48866.86 at the time of writing of this report.

In the Nifty pack, 28 stocks traded the day in the green, while 22 were in the red.


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. The company reported net profit of Rs 14.24 crore for the latest quarter.

Promoter Holdings
Promoters held 51.54 per cent stake in the company as of 31-Mar-2021, while FIIs held 18.08 per cent and MFs 9.76 per cent.

Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 94.62 on May 06, while the 50-DMA was at Rs 118.27. 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.

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