Ashok Leyland declines 1.19% as Sensex slides

Ashok Leyland declines 1.19% as Sensex slides
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Synopsis

The stock traded at a P/E multiple of 169.83, while the price-to-book value ratio stood at 4.71.

Reuters
On an immediate basis, 15,770/52,500 and 15,850/52,700 levels would be major hurdles.
Shares of . traded at Rs 145.0 on BSE at 01:04PM (IST) on Thursday, down 1.19 per cent from previous close.

The stock quoted a 52-week low price of Rs 93.2 and a high of Rs 169.4.

Earlier, the stock saw a opening in the morning.

A total of 242,309 lakh shares changed hands on the counter till 01:04PM (IST).

The stock of Ashok Leyland Ltd. commanded a market value of Rs 42565.15 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 169.83, while the price-to-book value ratio stood at 4.71. Return on equity (ROE) was at -4.93 per cent, according to exchange data.

In the BSE500 pack, 206 stocks traded in the green, while 294 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 30-Sep-2022 while foreign portfolio investors and domestic institutional investors owned 14.91 per cent and 14.81 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 139.51 on December 15, while the 50-DMA was at 147.93. 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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