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Ashok Leyland Ltd rose for a third straight session today. The stock is quoting at Rs 244.6, up 1.11% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.36% on the day, quoting at 24771.7. The Sensex is at 81471.49, up 0.35%. Ashok Leyland Ltd has added around 9.85% in last one month.
Meanwhile, Nifty Auto index of which Ashok Leyland Ltd is a constituent, has added around 8.07% in last one month and is currently quoting at 23531.2, up 0.6% on the day. The volume in the stock stood at 52.89 lakh shares today, compared to the daily average of 53.57 lakh shares in last one month.
The benchmark May futures contract for the stock is quoting at Rs 240.35, up 0.62% on the day. Ashok Leyland Ltd is up 17.48% in last one year as compared to a 9.62% gain in NIFTY and a 1.49% gain in the Nifty Auto index.
The PE of the stock is 24.32 based on TTM earnings ending December 24.
At 10:25 IST, the barometer index, the S&P BSE Sensex, declined 207.05 points or 0.25% to 81,852.37. The Nifty 50 index fell 44.90 points or 0.19% to 24,894.40.
In the broader market, the S&P BSE Mid-Cap index fell 0.27% and the S&P BSE Small-Cap index shed 0.06%.
The market breadth was positive. On the BSE, 1,772 shares rose and 1,729 shares fell. A total of 207 shares were unchanged.
Result Today:
Hindalco Industries(up 1%), Zydus Lifesciences(down 0.98%), Aster DM Healthcare(down 0.43%), Automotive Axles(up 0.68%), Dixon Technologies (India)(up 1.65%), EIH(up 0.13%), Fortis Healthcare(down 1.18%), Gland Pharma(up 1.77%), JK Tyre & Industries(down 0.48%), Laxmi Organic Industries(down 1.25%), Max Healthcare Institute(down 2.80%), NHPC (down 0.26%), Solar Industries India(down 0.05%), Talbros Engineering(up 1.76%), Torrent Pharmaceuticals(down 1.14%), United Spirits(down 0.01%), Whirlpool of India(up 0.62%), and J Kumar Infraprojects (up 0.73%) will release their quarterly earnings later today.
Buzzing Index:
The Nifty Realty index advanced 1% to 942.55. The index rose 8.8% in the five consecutive trading sessions.
DLF (up 5.29%), Raymond (up 4.95%), Sobha (up 0.55%), Prestige Estates Projects (up 0.36%) and Godrej Properties (up 0.09%) advanced.
On the other hand, Phoenix Mills (down 1.16%), Macrotech Developers (down 1.01%) and Brigade Enterprises (down 0.91%) declined
Stocks in Spotlight:
Eris Lifesciences rallied 3.53% after the company reported a 30.29% jump in consolidated net profit to Rs 92.01 crore on 28.38% increase in revenue from operations to Rs 702.60 crore in Q4 FY25 over Q4 FY24.
Ashok Leyland added 1.18% after the company’s board is scheduled to meet on 23 May to consider the proposal for the issue of bonus shares.
Adani Ports & Special Economic Zone (APSEZ) shed 0.18%. The company’s board will meet on 23 May to consider issuing non-convertible debentures (NCDs) via a private placement basis.