The Indian stock market continues to experience strong selling pressure, with a bearish sentiment seen in yesterday’s trading session. However, there was some buying observed in the auto index. Currently, the negative actions in global markets, the dollar index, and bond yields are directly impacting the stock market. In light of these conditions, market experts have advised buying shares of Ashok Leyland. On Thursday, November 23, the company’s shares were trading at Rs 178.55 with a growth of 0.084%. On Friday, November 24, the shares increased by 0.22% to trade at Rs 178. ICICI Securities has recommended buying shares of Ashok Leyland for short-term investment, suggesting a purchase price between Rs 172-178. The experts have set a target price of Rs 180, followed by Rs 182 and Rs 186.
Ashok Leyland’s stock was trading at its 52-week high of Rs 191.50, with a 52-week low of Rs 133.10. The shares have seen a 1.5% increase in the past week and have provided investors with a 3% return in the past month. Over the past three months, the company’s shares have delivered a return of 5.6%. In the year 2023, the stock has seen a 24% increase, while in the past year, it has risen by 23%. Over the past three years, Ashok Leyland’s shares have provided investors with a 95% return. The company is currently looking for external investment sources for its electric vehicle subsidiary, Switch Mobility, and is seeking an appropriate strategic partner. Until a suitable partner is found, Ashok Leyland will continue to work with its own resources for maximum investment.
The information on Ashok Leyland share price on 24 November 2023 is as follows:
1. On Thursday (23 November 2023), the share was trading at ₹178.55 with a growth of 0.084%.
2. On Friday (24 November 2023), the share price increased by 0.22% and was trading at ₹178.
3. ICICI Securities has recommended buying Ashok Leyland shares for short-term investment.
4. Experts suggest buying Ashok Leyland shares between ₹172 and ₹178 for the next three months.
5. The expected value of Ashok Leyland shares is ₹202 lakh.
6. Experts advise setting a stop loss at ₹163 while investing in Ashok Leyland shares.
7. The first downside support for Ashok Leyland stock is at ₹173, followed by ₹170 and ₹167.
8. Experts predict that Ashok Leyland shares may see a challenge at ₹180, followed by ₹182 and ₹186.
9. The highest trading level for Ashok Leyland shares in the past 52 weeks was ₹191.50, while the lowest was ₹133.10.
10. In the last week, the company’s shares have seen a growth of 1.5%.
11. In the past month, Ashok Leyland shares have provided a return of 3% to investors.
12. In the past three months, the company’s shares have provided a return of 5.6% to investors.
13. Ashok Leyland’s share price has increased by 24% in 2023 and by 23% in the past year.
14. In the past three years, Ashok Leyland shares have provided a return of 95% to investors.
15. Ashok Leyland is interested in obtaining funding through external investment sources for its electric vehicle subsidiary, Switch Mobility.
16. The company is looking for a suitable strategic partner and will continue to invest in the subsidiary until a good partner is found.
Please note that the above information is based on the given news title and may be subject to change.
People Can Find This Information Useful for: Ashok Leyland, share price, Indian share market, selling pressure, auto index, buying, global markets, negative action, dollar index, bond yield, experts, ICICI Securities, short-term investment, stop loss, support levels, stock, returns, electric vehicle branch, external investment sources, strategic partner, funding, Switch Mobility.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
