Ashok Leyland Share Price: Ashok Leyland share price up 2.56 per cent

Shares of Ashok Leyland Ltd. traded 2.56 per cent up at Rs 186.0 at around 10:10AM (IST) on Monday. The stock had closed at Rs 181.35 in the previous session. Equity benchmark Sensex traded 170.12 points lower at 72240.26 around the same time. The scrip has climbed 29.71 per cent in the last one year till date, while the 30-share index has gained 18.12 per cent during the same period.

The stock’s 52-week high price stood at Rs 191.45 and the 52-week low price at Rs 133.1.

Trading volume on the counter stood at 469,454 shares, while it quoted a price-to-earnings ratio of 25.06, an EPS value of 7.29 and a price-to-book value of 4.78. In the Nifty50 pack, 20 stocks traded in the green, while 30 stocks were in the red.

Promoter/FII Holding
Promoters held 51.53 per cent stake in the company as of 30-Sep-2023, while foreign institutional investors and mutual funds’ ownership stood at 20.21 per cent and 10.1 per cent, respectively.

Key Financials
For the quarter ended 30-Sep-2023, the company reported consolidated sales of Rs 11463.03 crore, up 17.75 per cent from the previous quarter’s Rs 9735.45 crore and up 19.15 per cent from the year-ago quarter’s Rs 9620.28 crore. The company reported net profit of Rs 526.01 crore for the latest quarter.

Technical Indicators
The MACD signalled a bullish 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 top of 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.