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Ashok Leyland Ltd sees excellent buying support

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Capital Market

Ashok Leyland Ltd is quoting at Rs 66.9, up 5.94% on the day as on 12:54 IST on the NSE. The stock is down 49.45% in last one year as compared to a 5.39% slide in NIFTY and a 35.18% slide in the Nifty Auto index.

Ashok Leyland Ltd is up for a third straight session today. The stock is quoting at Rs 66.9, up 5.94% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 0.44% on the day, quoting at 11106.15. The Sensex is at 37628.39, up 0.36%. Ashok Leyland Ltd has slipped around 6.63% in last one month.

 

Meanwhile, Nifty Auto index of which Ashok Leyland Ltd is a constituent, has slipped around 3.66% in last one month and is currently quoting at 7022.75, up 1.93% on the day. The volume in the stock stood at 448.45 lakh shares today, compared to the daily average of 408.71 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 66.95, up 5.77% on the day. Ashok Leyland Ltd is down 49.45% in last one year as compared to a 5.39% slide in NIFTY and a 35.18% slide in the Nifty Auto index.

The PE of the stock is 10.09 based on TTM earnings ending June 19.

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First Published: Aug 27 2019 | 1:05 PM IST

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