### Ashok Leyland Share Price NSE Live 27 April 2024
📈 **Update:** Ashok Leyland Limited’s share price on Friday morning at 10:35 AM was up by 2.67% to ₹182.45, while the BSE benchmark Sensex dropped by 206.89 points to 74132.55. The company’s share closed at ₹177.7 in the previous session. The stock has seen a 52-week high of ₹191.45 and a low of ₹139.45, according to BSE data.
💼 **Market Activity:** The total volume of shares traded on the counter at 10:35 AM was 1120155, with a turnover of ₹20.23 crores. The current price of the stock is trading at a P/E ratio of 8.11 times its EPS and 4.78 times its Price-to-Book value, indicating investor willingness to pay a premium for future growth prospects.
📊 **Market Expert Opinion:** Market expert Anshul Jain has recommended buying Ashok Leyland shares, citing a strong rally on the weekly chart. The stock shows a potential for good returns in the coming days. The stock’s Beta value, which measures volatility in relation to the broader market, stood at 1.55.
💡 **Technical Analysis:** The Relative Strength Index (RSI) for the stock was at 65.17, indicating a neutral stance. The stock’s monthly chart displays a consolidation pattern over nine months, with resistance and support levels at ₹183 and ₹160, respectively. The stock is currently consolidating in a sideways trend.
🎯 **Target Price:** Analyst Anshul Jain suggests holding the stock for existing investors and considering an entry at the current valuation for new investors. The short-term target price for the stock is around ₹224-225 if it hits ₹182-183.
📊 **Shareholding Pattern:** As of 31st March 2024, promoters held a 0.0% stake in the company, while FII and DII held 21.28% and 5.79%, respectively.
Stay tuned for more updates on Ashok Leyland Share Price! 🚀📈
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