ashok leyland share price: Ashok Leyland shares gain 3.12% as Sensex rises

Shares of Ltd. traded 3.12 per cent higher in Friday’s session at 10:43AM (IST). The stock opened at Rs 128.0 and has touched an intraday high and low of Rs 132.3 and Rs 127.75, respectively, during the session so far.

The stock quoted a 52-week high of Rs 138.85 and a 52-week low of 46.6. About 918,774 shares changed hands on the counter so far.

Benchmark Nifty50 was up 81.0 points at 15818.75, while the BSE Sensex traded 288.34 points higher at 52588.81 at the time of writing of this report.

In the Nifty pack, 33 stocks traded the day in the green, while 17 were in the red.

Key Financials

For the quarter ended 31-Dec-2020, the company reported consolidated sales of Rs 6000.28 crore, up 54.74 per cent from the previous quarter’s Rs 3877.62 crore and up 15.2 per cent from the year-ago quarter. The company reported net profit of Rs 14.24 crore for the latest quarter.

Promoter Holdings

Promoters held 51.54 per cent stake in the company as of 31-Mar-2021, while FIIs held 18.08 per cent and MFs 9.76 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 103.14 on June 11, while the 50-DMA was at Rs 118.66. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.