Ashok Leyland share price: Ashok Leyland share price drops 2.05% as Sensex slips

The shares of Ashok Leyland Ltd. fell 2.05% to Rs 133.5 at 12:59 p.m. (IST) on Friday. Earlier in the day, the stock saw a gap in early trading.

According to available BSE data, the total amount traded over the counter stood at 393,897 shares with a turnover of Rs 5.28 crore as of 12:59 p.m. (IST). The stock traded at a price-to-earnings (P/E) multiple of -3733.07, while the price-to-book ratio came in at 4.24.

Return on equity (ROE) was -2.1%, according to data from the exchange. The stock hit an intraday high of Rs 136.0 and a low of Rs 132.6 during the session and quoted a 52-week high price of Rs 153.4 and a 52-week low of Rs 106, 2.

The stock’s beta, which measures its volatility relative to the broader market, was 1.55.

Technical indicators

The stock’s 200-DMA (daily moving average) stood at Rs 128.55 on Feb. 11, while the 50-DMA was at Rs 129.92. If a stock is trading above 50-DMA and 200-DMA, it usually means that the immediate trend is up. On the other hand, if the stock is trading below 50-DMA and 200-DMA, it is considered to be in a downtrend. If it is trading between 50-DMA and 200-DMA, it suggests that the stock can go either way.

The relative strength index (RSI) of stood at 49.72. The RSI fluctuates between zero and 100. Traditionally, a stock is considered overbought when the RSI value is above 70 and oversold when it is below 30.

Promoter Holder

As of December 31, 2021, promoters held 51.54% of the company’s capital, while FIIs held 15.05% and domestic institutional investors 20.64%.

Eleanor C. William