Ashok Leyland declines 0.5% as Sensex slides

Shares of Ashok Leyland Ltd. traded at Rs 177.5 on BSE at 12:53PM (IST) on Friday, down 0.5 per cent from previous close.

The scrip quoted a 52-week low price of Rs 135.85 and a high of Rs 191.45.

Earlier, the stock saw a gap down opening in the morning.

A total of 579,287 lakh shares changed hands on the counter till 12:53PM (IST).

The stock of Ashok Leyland Ltd. commanded a market value of Rs 52307.11 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 21.95, while the price-to-book value ratio stood at 4.78. Return on equity (ROE) was at 14.57 per cent, according to exchange data.

In the BSE500 pack, 239 stocks traded in the green, while 261 stocks were in the red.

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

Promotor/FII Holding
Promoters held 0.0 per cent in Ashok Leyland Ltd. as of 31-Dec-2023 while foreign and domestic institutional investors owned 20.32 per cent and 8.64 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 175.29 on April 12, while the 50-DMA was at 171.86. If a stock trades below 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 as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.