Ashok Leyland's Stock Continues to Rise, Hits New High on Strong Performance.

May 02 2024 10:05 AM IST
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Ashok Leyland, a leading player in the auto-truck industry, has shown a positive trend in its stock performance. On May 2, 2024, the stock gained 3.12%, outperforming the sector by 1.73%. It has been on a consecutive rise for 8 days, with a total increase of 17.74%. The stock also hit a new 52-week and all-time high of Rs.199.4, indicating strong performance and growth potential.

Ashok Leyland ., a leading player in the auto-truck industry, has seen a positive trend in its stock performance. On May 2, 2024, the company's stock gained 3.12%, outperforming the sector by 1.73%. The stock has been on a consecutive rise for the past 8 days, with a total increase of 17.74% during this period.

The stock also hit a new 52-week and all-time high of Rs.199.4 on the same day. This is a significant milestone for the company, showcasing its strong performance and growth potential. The stock's intraday high was Rs.199.4, a 3.53% increase from the previous day's closing.

Ashok Leyland's stock is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the market. The company's performance has also positively impacted the auto-truck sector, which has seen a 2% gain.

Investors can also benefit from Ashok Leyland's high dividend yield of 3.92% at the current price. This adds to the company's attractiveness for investors looking for stable returns.

In comparison to the overall market performance, Ashok Leyland has outperformed the Sensex by a significant margin. Its 1-day performance is 2.80% compared to the Sensex's 0.28%, and its 1-month performance is 12.15% compared to the Sensex's 1.06%.

Overall, Ashok Leyland's stock is showing strong growth potential and is currently recommended as a 'Hold' by MarketsMOJO. With its consistent performance and positive outlook, the company is a promising player in the auto-truck industry.
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