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    Ashok Leyland shares up 1.32% as Sensex rises

    Synopsis

    A total of 170,254 shares changed hands on the counter till 10:30AM (IST)

    Trading guideGetty Images
    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. gained 1.32 per cent to Rs 134.1 in Monday's session as of 10:30AM (IST) even as the equity benchmark Sensex traded 545.26 points higher at 60289.91.

    Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 153.4 and a 52-week low of Rs 106.2 on NSE. Around 170254 shares changed hands on the counter till 10:30AM (IST).

    The stock opened at Rs 132.9 and has touched an intraday high and low of Rs 134.8 and Rs 132.6 during the session so far. The scrip quoted a price-to-earnings (PE) ratio of -3751.26, earnings per share (EPS) of Rs -0.04 and price to book value (PB) of 4.24, while the return on equity (ROE) stood at Rs -2.1.

    Promoter/ FII Holding
    The promoters held 51.54 per cent stake in the company as of January 10, while FII and MF ownerships stood at 16.33 per cent and 13.63 per cent, respectively.

    Key Financials
    With a market capitalisation of Rs 39350.74 crore, the company operates in the Auto - Cars/UV/CV industry. For the quarter ended 30-Sep-2021, the company reported consolidated sales of Rs 5586.91 crore, up 36.16 per cent from the previous quarter?s Rs 4103.27 crore and up 44.08 per cent from the same quarter a year ago. The company reported net loss of Rs 103.43 crore for the latest quarter, down 15.88 per cent from the corresponding quarter last year.

    Technical Indicators
    The relative strength index (RSI) of the stock stands at 63.21. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.



    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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