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    Ashok Leyland share price down 4.21 per cent

    Synopsis

    A total of 1,505,584 shares changed hands on the counter till 02:08PM (IST).

    Reuters
    Investors should therefore use dips towards 15,200-15,400 to their advantage to accumulate quality largecaps and midcaps.
    Shares of Ltd. traded 4.21 per cent up at Rs 135.3 at around 02:08PM (IST) on Wednesday. The stock had closed at Rs 141.25 in the previous session. Equity benchmark Sensex traded 568.11 points higher at 54391.47 around the same time.


    The scrip has climbed 173.26 per cent in the last one year till date, while the 30-share index has gained 41.29 per cent during the same period.

    Did you Know?

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

    View Latest Stock Report »
    The stock's 52-week high price stood at Rs 143.25 and the 52-week low price at Rs 48.85.

    Trading volume on the counter stood at 1,505,584 shares, while it quoted a price-to-earnings ratio of -240.11, an EPS value of -0.56 and a price-to-book value of 1.62. In the Nifty50 pack, 20 stocks traded in the green, while 29 stocks were in the red.

    Promoter/FII Holding
    Promoters held 51.54 per cent stake in the company as of 30-Jun-2021, while overseas investor and mutual funds' ownership stood at 17.04 per cent and 11.27 per cent, respectively.

    Key Financials
    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 year-ago quarter's Rs 5127.11 crore. The company reported net profit of Rs 352.56 crore for the latest quarter.

    Technical Indicators
    The MACD signalled a 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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