Ashok Leyland Share Value: Share value of Ashok Leyland rises as Nifty strengthens

Shares of Ashok Leyland Ltd. gained 0.21 per cent to Rs 166.85 in Friday’s commerce as of 12:53PM (IST). The inventory hit a excessive value of Rs 168.85 and low of Rs 166.65 throughout the session.

The return on fairness (ROE) for the inventory stood at 14.57 per cent. Traded quantity on the counter stood at 12:53PM shares and turnover at Rs 4.85 crore round that point. The inventory of Ashok Leyland Ltd. quoted a 52-week excessive value of Rs 191.45 and 52-week low costs of Rs 133.1, respectively.

The inventory’s Beta worth, which measures its volatility in relation to the broader market, stood at 1.55.

Promotor/FII Holding
Promoters held 0.0 per cent stake within the firm as of 30-Sep-2023, whereas overseas buyers held 20.05 per cent and home institutional buyers had 10.02 per cent.

Key Financials

The corporate reported consolidated gross sales of Rs 9735.45 crore for the quarter ended 30-Jun-2023, down 26.43 per cent from earlier quarter’s Rs 13233.16 crore and down 34.31 per cent from the year-ago quarter’s Rs 7248.49 crore. Web revenue after tax for the most recent quarter stood at Rs 543.89 crore, up 699.25 per cent from the identical quarter a 12 months in the past.

Technicals
The MACD signalled a bearish bias on the counter. The MACD is understood for signalling development reversals in traded securities or indices.
It’s the distinction between the 26-day and 12-day exponential shifting averages. A nine-day exponential shifting common, known as the sign line, is plotted on topof the MACD to mirror “purchase” or “promote” alternatives. When the MACD crosses beneath the sign line, it provides a bearish sign, indicating that the worth of the safety may even see a downward motion and vice versa.

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