Ashok Leyland’s share price is experiencing notable fluctuations in the market. Currently, the stock is priced at ₹215.94, down by approximately 2.94% from its previous close of ₹222.42. This decline reflects a broader trend observed over recent weeks, where the stock has faced challenges in maintaining upward momentum.
Main Points
- 1 Current Ashok Leyland Share Price Market Overview
- 2 Ashok Leyland Share Price Range and Historical Performance
- 3 Ashok Leyland Share Price Technical Analysis
- 4 Key Levels to Watch
- 5 Moving Averages
- 6 Analyst Insights and Future Expectations
- 7 Ashok Leyland Share Price Targets
- 8 Ashok Leyland Share Price Financial Metrics
Ashok Leyland operates in the Auto – LCVs/HCVs sector and is classified as a large-cap stock on the Bombay Stock Exchange (BSE). The current market capitalization stands at approximately ₹70,342 crore. Over the past month, the stock has seen a decrease of about 8.31%, while its performance over three months shows a decline of 1.58%. In stark contrast, the stock has demonstrated a robust 29.92% increase over the past year.
The share price today has fluctuated between a low of ₹215.94 and a high of ₹222.50. Over the last 52 weeks, Ashok Leyland’s shares have traded between ₹157.65 and ₹264.70, indicating significant volatility within this period.
| Time Frame | Price Change (%) |
|---|---|
| 1 Week | -9.07 |
| 1 Month | -8.31 |
| 3 Months | -1.58 |
| 6 Months | +22.99 |
| 1 Year | +29.92 |
| 3 Years | +77.74 |
| 5 Years | +241.42 |
Key Levels to Watch
- Support Level: The immediate support level is around ₹215, which has been tested recently.
- Resistance Level: The resistance level is currently observed at ₹230.
- Pivot Point: The daily pivot point for Ashok Leyland is set at approximately ₹222, which could act as a critical level for traders to watch closely.
Moving Averages
From a technical standpoint, Ashok Leyland is trading below its 50-day moving average (DMA), which suggests potential bearish sentiment among investors. The stock needs to break above this level to regain upward momentum.
Analyst Insights and Future Expectations
Analysts have mixed sentiments regarding Ashok Leyland’s future performance:
- Positive Outlook: Some analysts predict that with increasing demand in the commercial vehicle sector due to economic recovery, Ashok Leyland could see a rebound in its stock price.
- Cautious Approach: Others express concerns about high debt levels (296% debt-to-equity ratio) and suggest that investors should be cautious before making new investments in this volatile environment.
- Median Price Target: Analysts have set a median price target of ₹270 for Ashok Leyland over the next 12 months.
- High Estimate: Some forecasts suggest that the stock could reach as high as ₹318 if market conditions improve.
As of October 9, 2024, key financial ratios for Ashok Leyland are as follows:
- P/E Ratio: 28.16
- P/B Ratio: 7.77
- Dividend Yield: Approximately 2.08%
- Return on Equity (ROE): 27%.
These metrics indicate that while Ashok Leyland has shown strong returns historically, its current valuation may reflect overvaluation concerns given the high P/E ratio compared to industry peers.
