Shares of Ashok Leyland Ltd. fell 0.52 per cent to Rs 133.8 at 11:12AM hours (IST) on Tuesday. Earlier in the day, the stock saw a start to the session.

As per data available on BSE, total traded quantity on the counter stood at 115,308 shares with a turnover of Rs 1.54 crore till 11:12AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 56.75, while the price-to-book value ratio stood at 4.71.

Return on equity (ROE) was at -4.93 per cent, according to exchange data. The stock hit an intraday high of Rs 134.9 and a low of Rs 133.1 during the session and quoted a 52-week high price of Rs 169.4 and a 52-week low of Rs 111.65.

The stock’s beta value, which measures its volatility in relation to the broader market, stood at 1.55.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 147.26 on March 28, while the 50-DMA was at Rs 144.75. 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 below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 33.18. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 31-Dec-2022, promoters held 51.53 per cent stake in the company, while FIIs held 15.29 per cent and domestic institutional investors had 21.09 percent.

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