Ashok Leyland Ltd is trading at ₹164.42, gaining 1.29% during today's session as of 12:49 IST on the NSE. According to reports from Business Standard, the stock has demonstrated strong momentum, rising for a third consecutive session and adding 12.74% over the past month. The benchmark NIFTY is up around 0.52% on the day, quoting at 24,129.55, while the Sensex stands at 77,320.29, also up 0.52%.
As reported by Business Standard, Ashok Leyland has significantly outperformed broader market indices over the past year. The stock has gained 31.27% in the last one year, substantially higher than the 5.02% decline in NIFTY and the 12.22% fall in the Nifty Auto index. The Nifty Auto index, of which Ashok Leyland is a constituent, has added around 3.24% in the last month and is currently quoting at 26,783.2, up 0.58% on the day.
According to Business Standard, the trading volume in Ashok Leyland stood at 153.69 lakh shares today, compared to the daily average of 318.39 lakh shares in the last one month. The benchmark July futures contract for the stock is quoting at ₹164.7, up 0.92% on the day. The stock's PE ratio stands at 24.93 based on TTM earnings ending March 26.
