Ashok Leyland declines 1.22% as Sensex slides

Ashok Leyland declines 1.22% as Sensex slides
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Synopsis

The stock traded at a P/E multiple of -211.8, while the price-to-book value ratio stood at 4.24.

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Nifty moved in a tight range of 82 points, and ended slightly below the psychologically crucial level of 15,700.
Shares of Ashok Leyland Ltd. traded at Rs 105.25 on BSE at 01:49PM (IST) on Friday, down 1.22 per cent from previous close.

The stock quoted a 52-week low price of Rs 93.2 and a high of Rs 153.4.

Earlier, shares of the company saw a opening in the morning.

A total of 1,350,239 lakh shares changed hands on the counter till 01:49PM (IST).

The stock of Ashok Leyland Ltd. commanded a market value of Rs 30984.49 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of -211.8, 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, 249 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 128.43 on March 11, while the 50-DMA was at 126.96. 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.

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