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Ashok Leyland Shares Dip 0.47% Amid Market Volatility – Check Today’s Highs and Lows!

Shares of Ashok Leyland Ltd. dropped 0.47% to ₹222.25 today, reaching a high of ₹224.2 and a low of ₹220.7, amidst ongoing market fluctuations and overall volatility.

Shares of Ashok Leyland Ltd. fell by 0.47% to ₹222.25 during Monday’s trading session as of 12:00 PM (IST). The stock touched an intraday high of ₹224.2 and a low of ₹220.7. It continues to fluctuate, reflecting overall market volatility.

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The stock’s 52-week range saw a high of ₹264.7 and a low of ₹157.65. Its return on equity (ROE) stands strong at 27.58%. So far, around 173,641 shares have been traded on the counter, indicating steady investor interest despite the slight drop.

Also read: HDFC Bank Shares Surge 3% After Q2 Earnings –Details Inside!

With a beta value of 1.55, Ashok Leyland’s volatility is relatively high compared to the broader market, meaning the stock is more sensitive to market swings. Over the past year, it has significantly outperformed, gaining 29.07%, compared to the 22.72% rise in the Sensex.

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Technically, the stock’s 200-day moving average (DMA) was at ₹157.65, while its 50-DMA stood at ₹242.24 on October 21. This suggests that the stock is currently trading between these averages, indicating uncertainty in its near-term trend direction.

Also read:  PNC Infratech Shares Drop 20% , Know More!

Ashok Leyland Ltd is a leading Indian commercial vehicle manufacturer, headquartered in Chennai. Established in 1948, the company is the second-largest producer of commercial vehicles in India and the fourth largest bus manufacturer globally. It offers a wide range of trucks, buses, engines, and defence vehicles, serving both domestic and international markets.

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