Ashok Leyland shares gain 0.87% as Sensex falls

Shares of Ashok Leyland Ltd. traded 0.87 per cent higher in Thursday's session at 01:06PM (IST). The stock opened at Rs 144.35 and has touched an intraday high and low of Rs 145.4 and Rs 142.7, respectively, during the session so far.

The stock quoted a 52-week high of Rs 169.4 and a 52-week low of 93.2. About 165,178 shares changed hands on the counter so far.

Benchmark Nifty50 was down 92.35 points at 17358.55, while the BSE Sensex traded 368.23 points lower at 59042.85 at the time of writing of this report.

In the Nifty pack, 0 stocks traded the day in the green, while 0 were in the red.


Key Financials
For the quarter ended 31-Dec-2022, the company reported consolidated sales of Rs 10430.39 crore, up 8.42 per cent from the previous quarter's Rs 9620.28 crore and up 56.24 per cent from the year-ago quarter. The company reported net profit of Rs 319.04 crore for the latest quarter.

Promoter Holdings
Promoters held 51.53 per cent stake in the company as of 31-Dec-2022, while FIIs held 15.29 per cent and MFs 13.56 per cent.

Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 147.01 on March 02, while the 50-DMA was at Rs 146.76. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.