Business & Investment

Ashok Leyland’s share price fell 4.06% when Sensex fell

In a session at 1:53 pm (IST) on Monday, the stock price of the limited liability company fell 4.06%. The stock opened at Rs 117.8 and touched on daytime highs and lows of Rs 117.8 and Rs 110.8, respectively, during previous sessions.

Stock prices quoted a 52-week high of 138.85 rupees and a 52-week low of 37.35. So far, about 1,136,880 shares have been replaced at the counter.

Benchmark Nifty50 fell 232.0 points to 14635.35, but BSE Sensex At the time of writing this report, it was trading at 49171.96, down 857.87 points.

In Nifty In the pack, 9 shares were traded in green and 41 shares were traded in red.

Major finance

Consolidated sales for the quarter ended December 31, 2020 were Rs 6000.28, an increase of 54.74% from Rs 3877.62 in the previous quarter and an increase of 15.2% from the same period last year. The company reported a net profit of Rs 14.24 in the last quarter.

Promoter Holdings

As of December 31, 2020, the promoter holds a 51.54% stake in the company, FII holds 16.3% and MF holds 10.97%.

technical

On the technical chart, the 200-day moving average (DMA) of the stock price on April 5 was Rs 88.04, while the 50-DMA was Rs 123.65. If the stock is trading above 50-DMA and 200-DMA, it usually means that the immediate trend is on the rise. On the other hand, if the stock price is trading well below both 50-DMA and 200-DMA, it is considered a bearish trend, and if it is trading between these averages, the stock is in either direction. It suggests that you can proceed.

Ashok Leyland’s share price fell 4.06% when Sensex fell

https://economictimes.indiatimes.com/markets/stocks/stock-watch/ashok-leyland-ltd-shares-drop-4-06-as-sensex-falls/articleshow/81910823.cms Ashok Leyland’s share price fell 4.06% when Sensex fell

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