Ashok Leyland Faces Continued Decline Amid Broader Auto-Trucks Sector Challenges

Mar 11 2025 09:50 AM IST
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Ashok Leyland has faced a challenging period, with a notable decline in stock performance and consecutive losses over three days. The company is trading below multiple moving averages, indicating a bearish trend, while the broader auto-trucks sector has also experienced a downturn. Despite this, it maintains a high dividend yield.
Ashok Leyland, a prominent player in the auto-trucks industry, has experienced a notable decline of 3.0% on March 11, 2025. The stock has underperformed its sector by 0.44%, marking a challenging period as it has faced consecutive losses over the past three days, totaling a decline of 4.73%. During today's trading, Ashok Leyland reached an intraday low of Rs 199.1, reflecting a drop of 3.68%.

In terms of moving averages, Ashok Leyland is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend. The broader auto-trucks sector has also seen a downturn, with a decrease of 2.83%.

On the market front, the Sensex opened lower at 73,743.88, down 371.29 points, and is currently trading at 73,802.75, a decline of 0.42%. The index is nearing its 52-week low and is trading below its 50-day moving average, which is also below the 200-day moving average.

Despite the recent challenges, Ashok Leyland boasts a high dividend yield of 3.37% at its current price, reflecting its commitment to returning value to shareholders.
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