Ashok Leyland Share Price: Ashok Leyland shares drop 0.08% as Sensex rises

Shares of Ashok Leyland Ltd. traded 0.08 per cent lower in Friday’s session at 01:19PM (IST). The stock opened at Rs 177.05 and has touched an intraday high and low of Rs 177.05 and Rs 175.5, respectively, during the session so far.

The stock quoted a 52-week high of Rs 191.45 and a 52-week low of 133.1. About 155,123 shares changed hands on the counter so far.

Benchmark Nifty50 was up 206.05 points at 21853.25, while the BSE Sensex traded 719.13 points higher at 72440.31 at the time of writing of this report.

In the Nifty pack, 27 stocks traded the day in the green, while 23 were in the red.

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. The company reported net profit of Rs 526.01 crore for the latest quarter.

Promoter Holdings
Promoters held 51.53 per cent stake in the company as of 30-Sep-2023, while FIIs held 20.21 per cent and MFs 10.1 per cent.

Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 167.55 on January 12, while the 50-DMA was at Rs 175.54. 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.