The Economic Times
English Edition
| E-Paper
Search
+

    Share price of Ashok Leyland falls as Nifty strengthens

    Synopsis

    A total of 598,784 shares changed hands on the counter till 01:06PM (IST).

    Analysts see 15,900 to continue to pose as the immediate resistance.
    Shares of Ltd. slipped 0.18 per cent to Rs 138.8 in Monday's trade as of 01:06PM (IST). The stock hit a high price of Rs 141.05 and low of Rs 133.7 during the session.

    The return on equity (ROE) for the stock stood at -2.1 per cent. Traded volume on the counter stood at 01:06PM shares and turnover at Rs 8.24 crore around that time. The stock of Ashok Leyland Ltd. quoted a 52-week high price of Rs 149.75 and 52-week low prices of Rs 75.0, respectively.

    The stock's Beta value, which measures its volatility in relation to the broader market, stood at 1.55.

    Promotor/FII Holding
    Promoters held 0.0 per cent stake in the company as of 30-Sep-2021, while overseas investors held 16.19 per cent and domestic institutional investors had 13.52 per cent.

    Key Financials
    The company reported consolidated sales of Rs 4103.27 crore for the quarter ended 30-Jun-2021, down 49.82 per cent from previous quarter's Rs 8176.73 crore and down 171.44 per cent from the year-ago quarter's Rs 1511.69 crore. Net loss after tax for the latest quarter stood at Rs 273.86 crore, down 33.05 per cent from the same quarter a year ago.

    Technicals
    The MACD signalled a bearish 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 topof 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.)

    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