Strong Price Momentum and Market Outperformance
The stock has been on an upward trajectory, gaining 9.19% over the past week compared to a marginal 0.10% rise in the Sensex. Over the last month, Ashok Leyland’s shares have appreciated by 13.42%, substantially outperforming the benchmark index’s 1.11% gain. Year-to-date, the stock has surged 44.87%, far exceeding the Sensex’s 9.70% increase. This outperformance extends over longer periods as well, with the company delivering a remarkable 114.86% return over three years and an impressive 246.91% over five years, dwarfing the Sensex’s respective gains of 37.61% and 94.16%.
The stock’s recent price action also includes hitting a new 52-week high of ₹161.8 during intraday trading, marking an 8.63% increase on the day. Notab...
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