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Technical Analysis, Share Price Target, Support, Resistance, Charts of Ashok Leyland


Latest Updates on Ashok Leyland

Ashok Leyland on 31st May 2017 gained in early morning trade move up by 2% to Rs. 95.55 after huge block deal at BSE. Around 10.98 ml shares changed hand in single block deal. The names of buyers and sellers were not announced immediately. In last one week the stock outperformed in the market by gaining 16%. Market analyst and major broking houses are still positive on Ashok Leyland and they are expecting target around 97 its previous top.

Ashok Leyland on 25th May 2017 declared its Q4 results. Company has announced net profit of Rs. 476cr against a loss of Rs.140.8 cr same period last year.

"Our continued focus on controlling costs has paid rich dividends and helped us achieve a double-digit EBITDA for the ninth straight quarter," Vinod Dasari, MD, Ashok Leyland said in a statement.

Ashok Leyland on 23rd February 2017 witnessed selling pressure and stock closed with a loss of Rs. -1.95 (-2.11%). Stock opened Rs. 92.50, high Rs. 92.75, low Rs.90.20 and closed @ Rs. 90.55. Technically stock finding support at current levels @ 90.20 (its previous bottom). Further weakness expecting once stock closes and holds below 90.20.

Ashok Leyland on 22nd February 2017 closed down with a loss of Rs. -2.60 (2.73%) at Rs. 92.50. Total traded volumes was 8164293. Technically if stock falls further then it will find support at its recent bottom @ Rs.90.65. If closes and holds below Rs. 90.65 then further selling pressure expecting.

Auto giant Ashok Leyland witnessed sharp correction in today`s trading (10 February 2017). Stock was on bull run from last couple of days. Today with a loss of Rs 2.35 it closed at 92.95, technical indicates if it falls further then will find support @ 91.50.