The return on equity (ROE) for the stock was 27.58 percent. The volume traded over the counter was at 12:21PM and the turnover at that time was Rs. 2.54 crores. Shares of Ashok Leyland Limited respectively Rs. 264.70 to its 52 week high and Rs. A 52-week low of 157.65 was shown.
The stock’s beta value, which measures its volatility relative to the broader market, stood at 1.5531.
Promoter/FII holding
As on 30-Sep-2024, promoters held 0.0 per cent stake in the company, while FIIs held 24.2 per cent and domestic institutional investors held 5.34 per cent.
Chief Financial Officer
For the quarter ended 30-Jun-2024, the company posted Rs. 10754.4300 crore in consolidated sales, up from the previous quarter’s Rs. 13613.2900 crore to 21.0 percent and a year-ago quarter of Rs. 953.470 crore to 10.47 percent. In the latest quarter, the net after tax was Rs. 509.15 crore, which was 6.39 percent over the same quarter a year ago.
Technicals
MACD indicated a bullish bias on the counter. MACD is known for indicating the opposite trend in traded securities or indices.
It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called a signal line, is plotted above the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.
(You can now subscribe to our ETMarkets WhatsApp channel)