SROMPL Export Consulting

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Share price of Ashok Leyland falls as Nifty weakens

India’s 1st Import Export Consultant

Shares of Ashok Leyland Ltd. slipped 1.59 per cent to Rs 235.0 in Tuesday’s trade as of 12:48PM (IST). The stock hit a high price of Rs 238.95 and low of Rs 234.15 during the session.

The return on equity (ROE) for the stock stood at 27.58 per cent. Traded volume on the counter stood at 12:48PM shares and turnover at Rs 11.7 crore around that time. The stock of Ashok Leyland Ltd. quoted a 52-week high price of Rs 245.6 and 52-week low prices of Rs 157.65, respectively.

The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 1.55.

Promotor/FII Holding

Promoters held 0.0 per cent stake in the company as of 31-Mar-2024, while overseas investors held 21.28 per cent and domestic institutional investors had 5.79 per cent.

Key Financials

The company reported consolidated sales of Rs 13613.29 crore for the quarter ended 31-Mar-2024, up 22.43 per cent from previous quarter’s Rs 11119.45 crore and up 2.87 per cent from the year-ago quarter’s Rs 13233.16 crore. Net profit after tax for the latest quarter stood at Rs 853.41 crore, up 13.41 per cent from the same quarter a year ago. Technicals
The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals 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 the signal line, is plotted on topof 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.

SROMPL – India’s 1st Import Export Consultant and Branding and Marketing Company,

Welcome to Sromplexport! We’re a company that helps people and businesses import and export products across different countries. Whether you’re looking to source products, manage logistics, or navigate customs regulations, we’ve got you covered. We’re based in Rajkot, Gujarat, India, and we’re committed to providing ethical and transparent service to our clients. We work with industries like textiles, agriculture, and handicrafts, and we’re always happy to build new relationships with people who want to succeed in the import/export world. Thanks for stopping by, and let us know how we can help you!

Sromplexport offers international trade services, including product sourcing, quality control, logistics, and customs clearance. Our ethical and transparent approach simplifies the import/export process for clients in various industries.