The Economic Times
English Edition
| E-Paper
Search
+

    Ashok Leyland shares down 0.88% as Sensex falls

    Synopsis

    A total of 217,329 shares changed hands on the counter till 01:21PM (IST)

    Reuters
    Investors should therefore use dips towards 15,200-15,400 to their advantage to accumulate quality largecaps and midcaps.
    Shares of Ltd. fell 0.88 per cent to Rs 123.2 in Monday's session as of 01:21PM (IST) even as the equity benchmark Sensex traded 28.31 points lower at 52947.49.

    Earlier in the day, the stock witnessed a start to the session. The stock quoted a 52-week high price of Rs 138.85 and a 52-week low of Rs 48.0 on NSE. Around 217329 shares changed hands on the counter till 01:21PM (IST).

    The stock opened at Rs 124.3 and has touched an intraday high and low of Rs 124.5 and Rs 122.9 during the session so far. The stock quoted a price-to-earnings (PE) ratio of -218.7, earnings per share (EPS) of Rs -0.56 and price to book value (PB) of 1.62, while the return on equity (ROE) stood at Rs -2.1.

    Did you Know?

    Stock score of Ashok Leyland Ltd moved down by 1 in a week on a 10-point scale.

    View Latest Stock Report »

    Promoter/ FII Holding
    The promoters held 51.54 per cent stake in the company as of July 26, while FII and MF ownerships stood at 17.04 per cent and 11.27 per cent, respectively.

    Key Financials
    With a market capitalisation of Rs 36136.34 crore, the company operates in the Auto - Cars/UV/CV industry. For the quarter ended 31-Mar-2021, the company reported consolidated sales of Rs 8176.73 crore, up 36.27 per cent from the previous quarter?s Rs 6000.28 crore and up 59.48 per cent from the same quarter a year ago. The company reported net profit of Rs 352.56 crore for the latest quarter, up 1851.08 per cent from the corresponding quarter last year.

    Technical Indicators
    The relative strength index (RSI) of the stock stands at 47.03. 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.
    (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.)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Read before you invest. Insights on Ashok Leyland Ltd.. Explore Now
    The Economic Times

    Stories you might be interested in