Ashok Leyland rises 1.98% as Sensex slides

Ashok Leyland rises 1.98% as Sensex slides
ETMarkets.com
Rate Story
Share
Font Size
Save
Comment
Synopsis

The stock traded at a P/E multiple of -3808.63, while the price-to-book value ratio stood at 4.24.

Shutterstock.com
Agarwal said the global economy is showing clear signs of recovery. The second wave of Covid-19 is ebbing in India with total active cases at less than 20 per cent of May highs.
Shares of Ashok Leyland Ltd. traded at Rs 136.65 on BSE at 10:05AM (IST) on Thursday, up 1.98 per cent from previous close.

The stock quoted a 52-week low price of Rs 106.2 and a high of Rs 153.4.

Earlier, the stock saw a gap up opening in the morning.

A total of 307,887 lakh shares changed hands on the counter till 10:05AM (IST).

The stock of Ashok Leyland Ltd. commanded a market value of Rs 39952.53 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of -3808.63, while the price-to-book value ratio stood at 4.24. Return on equity (ROE) was at -2.1 per cent, according to exchange data.

In the BSE500 pack, 248 stocks traded in the green, while 251 stocks were in the red.

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

Promotor/FII Holding
Promoters held 0.0 per cent in Ashok Leyland Ltd. as of 31-Dec-2021 while foreign portfolio investors and domestic institutional investors owned 14.93 per cent and 13.97 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 127.87 on February 03, while the 50-DMA was at 128.5. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

Pick the best companies to invest

BECOME AN ETPRIME MEMBER

Read More News on

(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.

...more
Pick the best stocks for yourself
Powered by