The stock has jumped 30.38% in ten trading days from its previous closing low of Rs 94.8 on 30 December 2020. The counter hit a 52-week high of Rs 125.55 in yesterday's trading session. The stock has soared 266% from its 52-week low of Rs 33.70 hit on 25 March 2020.

In last one month, shares of commercial vehicle maker have surged 31.35%, outperforming the Nifty Auto index which rose 11.13% in the same period.

The stock saw demand after the company reported strong December 2020 sales. The commercial vehicles maker's total sales jumped 14% to 12,762 units in December 2020 from 11,168 units sold in December 2019. Sequentially, the company's total auto sales advanced 19.73% from 10,659 units sold in November 2020.

On the technical front, the stock's RSI (relative strength index) stood at 85.548. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.

The stock is trading above its 50 and 100 days simple moving average placed at 94.99 and 84.48 respectively. These levels will act as crucial support zones in near term.

Ashok Leyland, flagship of the Hinduja group, is among the largest manufacturer of commercial vehicles in India and also among the biggest manufacturers of buses and trucks globally.

On a consolidated basis, Ashok Leyland reported a net loss of Rs 96.23 crore in Q2 September 2020 as compared to a net profit of Rs 69.95 crore in Q2 September 2019. Net sales declined 23.8% to Rs 3,835.85 crore in Q2 September 2020 over Q2 September 2019.

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Ashok Leyland Ltd gained for a fifth straight session today. The stock is quoting at Rs 106.35, up 1.53% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is flat on the day, quoting at 14199.5. The Sensex is at 48389.44, down 0.1%. Ashok Leyland Ltd has gained around 11.71% in last one month.

Meanwhile, Nifty Auto index of which Ashok Leyland Ltd is a constituent, has gained around 1.56% in last one month and is currently quoting at 9416.05, up 0.43% on the day. The volume in the stock stood at 179.77 lakh shares today, compared to the daily average of 273.03 lakh shares in last one month.

The benchmark January futures contract for the stock is quoting at Rs 106.95, up 1.86% on the day. Ashok Leyland Ltd is up 29.54% in last one year as compared to a 17.81% jump in NIFTY and a 18.17% jump in the Nifty Auto index.

The PE of the stock is 0 based on TTM earnings ending September 20.

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Ashok Leyland Ltd rose for a third straight session today. The stock is quoting at Rs 104.75, up 5.7% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.44% on the day, quoting at 14080.75. The Sensex is at 48002.16, up 0.28%. Ashok Leyland Ltd has added around 10.03% in last one month.

Meanwhile, Nifty Auto index of which Ashok Leyland Ltd is a constituent, has added around 0.42% in last one month and is currently quoting at 9272.5, up 0.84% on the day. The volume in the stock stood at 510.8 lakh shares today, compared to the daily average of 250.39 lakh shares in last one month.

The benchmark January futures contract for the stock is quoting at Rs 105.9, up 6.33% on the day. Ashok Leyland Ltd is up 30.37% in last one year as compared to a 17.41% gain in NIFTY and a 17.19% gain in the Nifty Auto index.

The PE of the stock is 0 based on TTM earnings ending September 20.

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Ashok Leyland achieved total sales of 12762 units in December 2020 compared to 11168 units in December 2019, recording a growth of 14%. Total sales include domestic sales which rose 14% to 11857 units.

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