A total of 379,684 shares changed hands on the counter till 11:36AM (IST).

Ashok Leyland shares up 1.35% as Nifty gains

A total of 930,892 shares changed hands on the counter till 11:47AM (IST)

Share price of Ashok Leyland falls as Sensex drops 2342.97 points

Short covering refers to the buying of shares to close an existing short position, signaling a shift from extreme bearishness to bullishness. In Friday’s trading session, five stocks saw short covering. Here’s the list: ​What is short-covering?

Ashok Leyland, Nestle India among 5 stocks with short covering - ​What is short-covering?

Ashok Leyland Chairman expresses interest in reviving bus manufacturing plant in Vijayawada, seeking State government support for operation.

Ashok Leyland keen on operationalising its bus manufacturing facility in Krishna district, says company chairman

Promoters held 0.0 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 21.85 per cent and 6.74 per cent, respectively.

Share price of Ashok Leyland jumps as Sensex drops 659.25 points

This month saw a decline in car sales for several major players, including Ashok Leyland, Tata Motors, and Hyundai Motors India.

Ashok Leyland, Tata Motors, and Hyundai Motors India report dip in car sales

The fall in the share price came after the automotive manufacturer reported disappointing July 2024 sales numbers.

Ashok Leyland falls 4% after July sales disappoint. Check details here

Ashok Leyland slipped 3.62% to Rs 247.80 after the company said that its total vehicle sales declined 8% to 13,928 units in July 2024 from 15,068 units in July 2023.

Ashok Leyland slides as total sales slips 8% YoY in July′24

On the technical charts, the 200-day moving average of the stock stood at Rs 190.31.

Shares of Ashok Leyland fall as Nifty gains

A total of 227,064 shares changed hands on the counter till 11:05AM (IST).

Share price of Ashok Leyland rises as Nifty strengthens

Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Tuesday’s trading session, five stocks witnessed a long unwinding. Here’s the list: Bearish Outlook

Ashok Leyland, Ambuja Cements among 5 stocks with long unwinding - Bearish Outlook

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Ashok Leyland Limited is a company is engaged in the manufacture of commercial vehicles and related components.