Ashok Leyland share price: Ashok Leyland share gains 1.96% as Sensex rises
The stock stood at Rs 132.9 in the previous session. The stock quoted a 52-week high of Rs 153.4 and a 52-week low of Rs 93.2, respectively. According to BSE data, the total trading volume on the counter till 1:24 PM (IST) stood at 529,790 shares with a turnover of Rs 7.14 crore.
At the prevailing price, the company’s shares were trading at -110.8 times its 12-month earnings per share of -1.22 rupees per share and 4.71 times its price-to-book ratio, according to the data. of BSE.
A higher P/E ratio shows that investors are willing to pay a higher price today due to growth expectations in the future.
The price-to-book ratio indicates the inherent value of a company and reflects the price investors are willing to pay even if the company does not grow. The stock’s beta, which measures its volatility relative to the broader market, was 1.55.
The promoters held 0.0% of the company’s capital as of March 31, 2022, while the FIIs held 13.34% and the DIIs 15.31%.
On technical charts, the stock’s Relative Strength Index (RSI) came in at 53.37. The RSI oscillates between zero and 100. Traditionally, it is considered an overbought condition when the RSI value is above 70 and an oversold condition when it is below 30. Chartists say that the RSI should not be considered in isolation, as it may not be enough to take a trade call, just as fundamental analysts cannot give a “buy” or “sell” recommendation using a single valuation ratio.