Strong Price Momentum and Market Outperformance
The stock has demonstrated remarkable momentum, hitting a new 52-week high of ₹167.15 during intraday trading on 15-Dec, marking a 2.05% increase from its previous levels. Over the past week, Ashok Leyland’s shares have surged by 4.77%, significantly outperforming the Sensex benchmark, which rose by a mere 0.13% in the same period. This trend extends over longer horizons as well, with the stock delivering a 12.51% gain in the last month compared to the Sensex’s 0.77% and an impressive 51.26% year-to-date return against the benchmark’s 9.05%.
Investor participation has also been on the rise, with delivery volumes reaching 55.84 lakh shares on 12 Dec, representing a 2.14% increase over the five-day average. This heightened ...
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