Ashok Leyland Ltd up for third straight session

Ashok Leyland Ltd gained for a third straight session today. The stock is quoting at Rs 165.8, up 1.18% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.13% on the day, quoting at 26012.4. The Sensex is at 85193.94, down 0.09%. Ashok Leyland Ltd has risen around 11.69% in last one month.

Meanwhile, Nifty Auto index of which Ashok Leyland Ltd is a constituent, has risen around 0.22% in last one month and is currently quoting at 27820.85, down 1.03% on the day. The volume in the stock stood at 91.93 lakh shares today, compared to the daily average of 193.81 lakh shares in last one month.

The benchmark December futures contract for the stock is quoting at Rs 165.04, up 0.89% on the day. Ashok Leyland Ltd is up 41.2% in last one year as compared to a 5.45% spurt in NIFTY and a 15.74% spurt in the Nifty Auto index.

The PE of the stock is 28.19 based on TTM earnings ending September 25.

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