On Thursday, Ashok Leyland Ltd.’s shares went up by 1.88% to reach Rs 218.60 by around 1:56 PM (IST). During the day, the stock climbed as high as Rs 221.60 and dipped to Rs 216.35. The company has a strong return on equity (ROE) of 27.58%, which shows how well it uses its money to generate profits.
By that time, there were active trades with a total worth of about Rs 2.09 crore. Ashok Leyland’s stock has seen highs of Rs 264.70 and lows of Rs 157.65 over the past year.
When we talk about the stock’s Beta value, which shows how much it moves compared to the overall market, it stands at 1.5531, indicating it is more volatile than average.
Regarding ownership, as of September 30, 2024, promoters had no stake in the company, while foreign investors owned 24.2%, and domestic institutional investors held 5.34%.
Looking at the company’s financials, for the quarter ending September 30, 2024, they reported sales of Rs 11,261.84 crore, which is a 4.72% increase from the previous quarter and a 1.76% fall compared to the same quarter last year. The net profit after tax for this quarter was Rs 705.64 crore, which is up 34.15% from the same quarter last year.
Technically, the MACD indicator shows a current bearish trend. This tool helps traders understand whether a stock might go up or down in price. If the MACD falls below a certain line, it suggests that prices may drop.
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