Ashok Leyland Ltd. Stock Declines -3.61% Despite Strong Long-Term Performance

Ashok Leyland Ltd., a largecap company in the auto-trucks industry, saw a decline of -3.61% in its stock price on May 13, 2024. The stock was given a 'Hold' call by MarketsMOJO, a leading financial analysis platform.

The stock's performance for the day was in line with the overall sector, which saw a decline of -3.03%. Ashok Leyland's stock touched an intraday low of Rs 192.4, a decrease of -2.93% from the previous day's closing price.

Despite the decline, Ashok Leyland's stock is still performing well in the long term, with its moving averages higher than the 20-day, 50-day, 100-day, and 200-day averages. However, it is currently lower than the 5-day moving average.

At the current price, Ashok Leyland offers a high dividend yield of 3.79%. This could be an attractive factor for investors looking for stable returns.

In comparison to the overall market performance, Ashok Leyland's stock has underperformed, with a decline of -3.61% compared to the Sensex's decline of -1.06% on the same day. However, in the past month, Ashok Leyland's stock has outperformed the Sensex, with a growth of 7.12% compared to the Sensex's decline of -3.17%.

Overall, Ashok Leyland Ltd. remains a strong player in the auto-trucks industry, with a solid track record and potential for long-term growth. Investors may want to keep an eye on the stock's performance in the coming days.