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

Jan 13 2025 03:20 PM IST
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Ashok Leyland's stock experienced a notable decline on January 13, 2025, contributing to a significant loss over the past week. The stock is trading below key moving averages, reflecting a bearish trend, while the broader auto-trucks sector also faced challenges. The company continues to offer a solid dividend yield.
Ashok Leyland, a key player in the auto-trucks sector, saw its stock decline by 4.01% on January 13, 2025, continuing a downward trend that has resulted in a total loss of 14.14% over the past week. On this trading day, the stock hit an intraday low of Rs 202.35, marking a decrease of 3.92%.

The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained bearish trend. The broader auto-trucks sector also faced headwinds, with a decline of 3.76% on the same day.

In a comparative analysis, Ashok Leyland's one-day performance showed a loss of 4.08%, while the Sensex experienced a smaller decline of 1.29%. Over the past month, Ashok Leyland's stock has decreased by 12.93%, contrasting with the Sensex's decline of 7.01%. Despite these challenges, the company maintains a robust dividend yield of 3.3% at the current price.
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