close above 52-week high zone

Ashok Leyland Ltd's stock is currently trading at ₹159.75, surpassing its 52-week high of ₹152.94. Here's a breakdown of its fundamental and technical analysis: Fundamental Analysis- Market Leadership: Ashok Leyland is India's 2nd largest manufacturer of commercial vehicles, the 4th largest manufacturer of buses globally, and the 9th largest manufacturer of trucks. - Financial Performance: The company posted a record profit of ₹2,617 crore in FY24, with a 90% growth compared to the previous year. - Revenue Growth: Revenue has been growing steadily since 2020-21, reaching ₹38,367 crore in FY24, marking a 6% increase from the previous year. - Return on Equity (ROE): The company has a strong ROE of 28.25%. Disclaimer: Investing and Trading in Stock Market is risky activity. Always trade with a stop loss. Do not Trade's invest by taking loan and trade only with the money that you can afford to risk. Do not put your entire capital in one single Trade.