Ashok Leyland shares zoomed nearly 6% on BSE today to their new all-time high of Rs 222.80 after reporting a 20% year-on-year (YoY) increase in its Q4 net profit at Rs 900.41 crore. Revenues from operations in the quarter under review stood at Rs 11,266.69 crore as compared to Rs 11,625.67 crore in the year-ago … Read more
Ashok Leyland Ltd, part of the automobile space, has fallen by over 10% from its recent high recorded in August 2023 and the chart pattern suggests that the weakness could continue.Short -to medium-term traders can look to sell the stock now for a possible target towards 150 levels in the next 1-2 months, suggest experts. … Read more
Indian markets snapped their 2-day winning run on Tuesday to close marginally in the red. S&P BSE Sensex closed below 59,200 while Nifty50 managed to settle above 17,600 levels. Sectorally, buying was seen in power, utilities, oil & gas, and energy stocks while selling was visible in FMCG, banks, IT, and finance stocks. Stocks that … Read more