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    Ashok Leyland shares 0.34 per cent in Thursday's trading session

    Synopsis

    The Relative Strength Index of the stock stood at 41 on Thursday.

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    India 10-year bond yield declined 0.40 per cent to 5.98 after trading in 5.98 -6.04 range.
    Shares of Ashok Leyland Ltd. 0.34 per cent to Rs 219.15 in Thursday's trade as of 11:20AM (IST) even as the benchmark Nifty ruled at 23741.55, 13.9 points.

    The scrip had closed at Rs 219.90 in the previous session. The stock quoted a 52-week low of Rs 157.65 and a high of Rs 264.70. The company quoted a market-cap of Rs 64278.39 crore on the BSE.

    On BSE, 96,487 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 24.46 times its trailing 12-month EPS of Rs 8.95 per share and 5.58 times its book value. The return on equity (ROE) stood at Rs 27.58.

    Key Financials
    For the quarter ended 30-Sep-2024, Ashok Leyland Ltd. reported consolidated sales of Rs 11261.8400 crore, 1.76 per cent from the same quarter a year ago. The company reported 34.15 per cent YoY in net at Rs 705.64 crore for the latest quarter.

    Growfast
      Technical indicators
      The relative strength index (RSI) of the stock stood at Thursday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold 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.


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      (You can now subscribe to our ETMarkets WhatsApp channel)

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      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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