Ashok Leyland Ltd

Stage 1 · Basing · week 9

As of 9 Oct 2026, Ashok Leyland is in Stage 1 — basing, not yet in an uptrend, in week 9 (since 10 Aug 2026). It closed at ₹145, 31.5% below its 52-week high and below its 200-day average, which is falling. In Industrials, 25.9% of stocks are in Stage 2.

Ashok Leyland Limited, together with its subsidiaries, engages in the manufacture and sale of commercial vehicles in India and internationally. More about the company

₹145.1
+0.03% today
₹85,206 Cr · Large cap
Market Neutral — FadingIndustrials 25.9% in Stage 2-3.4 pts / 20dTrucks & Buses 50.0%-25.0 pts

Pro read

Pro

Our read

Basing — not in an uptrend yet

Setup score

—

Momentum

Steady

Edge

—

Is ASHOKLEY early, or has it already run? Pro answers that for every NSE stock, after every close.

₹2,999 · 12 months₹1,999 · 6 months
Loading price chart…
vs 52W High
-31.5%
₹133.6 lo₹211.9 hi
31.5% below 52W high — far from high
Stock is basing below old highs. A volume-backed breakout to new highs would be the Stage 2 signal to watch.
Stage Maturity
Week 9
1w13w26w
Week 9 — base building
How long this stock has been basing. Longer bases can produce stronger breakouts — but don't anticipate, wait for the breakout.
vs 200 DMA
-15.3%
200 DMA: ₹171.2 · sloping down
Stock is testing its 200 DMA as part of the base. Reclaiming and holding above it is a key Stage 2 prerequisite.
Rel Volume
0.71x
vs 50-day avg
Volume in Stage 1 basing is typically quiet. A surge in volume on an upside breakout is the signal to watch.
Trend Health
↓
MA20 rolling over · -5.8% vs MA50 -0.2%
Two-layer momentum read: the glyph shows whether the 20-day MA is rising (↑/↗), flat (→), or rolling over (↓). The ⇈ flag fires when the 20-day MA is pulling away from the 50-day MA — short-term momentum building on top of the longer trend. Best when both glyphs agree.
1M
-14.2%
3M
-7.9%
6M
-15.9%
YTD
-18.5%
1Y
+3.4%
Sector
Industrials
↓ Peaking
Stage 2%
25.9%
20d Δ
-3.4pp
1M return
-5.0%
3M return
-3.8%
Sector Stage-2 % · last 20 days
Sector has 128 Stage 2 leaders. See Industrials Stage 2 →
Industry
Trucks & Buses
↓ Peaking
Stage 2%
50.0%
20d Δ
-25.0pp
1M return
-10.3%
3M return
-3.7%
Industry Stage-2 % · last 20 days
Stage Cycle Timeline2023-07-14 → 2026-10-09
S2 14w
S2 23w
S2 43w
2023-07-142026-10-09
S1S2S3S4Setup score (0–10, dashed line at 5)
S2 14w → S3 12w → S2 6w → S3 3w → S4 6w → S1 2w → S2 23w → S3 12w → S2 2w → S1 1w → S4 12w → S1 6w → S2 43w → S3 9w → S4 9w → S1 9w current
Total tracked: 169 weeks across 16 stage runs.
Scan Membership
Breakout Watch
Latest: 2025-06-04
4 appearances in last 60 days. First seen: 2024-01-10.
Stocks that stay in the scan for 13+ weeks are in the highest observed-return cohort — they keep qualifying because the structure remains intact, not by luck. Persistence in the scan is itself a quality signal.
Recent Stage Timeline
2026-10-09S1
Wk 9 · Vol 0.71x
2026-10-08S1
Wk 9 · Vol 1.03x
2026-10-07S1
Wk 9 · Vol 0.77x
2026-10-06S1
Wk 8 · Vol 0.64x
2026-10-05S1
Wk 8 · Vol 0.64x
2026-10-01S1
Wk 8 · Vol 1.35x
2026-09-30S1
Wk 8 · Vol 1.17x
2026-09-29S1
Wk 8 · Vol 0.95x
2026-09-28S1
Wk 7 · Vol 0.81x
2026-09-25S1
Wk 7 · Vol 0.68x
2026-09-24S1
Wk 7 · Vol 0.54x
2026-09-23S1
Wk 7 · Vol 0.26x
Sector Peers — Stage 2All →
SHIVAUM
wk 27 · -1.1% from hi
9.4
SAMBHV
wk 10 · -2.7% from hi
9.0
LOKESHMACH
wk 27 · -3.2% from hi
8.9
SPECTRUM
wk 18 · -3.5% from hi
8.9
AXISCADES
wk 3 · -9.8% from hi
8.8
Moving averages & range
50 DMA
₹166.3
200 DMA
₹171.2
52W High
₹211.9
52W Low
₹133.6
5D Low
₹145
Resistance levels (recent highs)
20d High
₹166.1
60d High
₹179.1
120d High
₹179.1
250d High
₹211.9
Next resistance
+14.5%
to 20d High
Ask the Market AI about ASHOKLEYAsk →
P/E (TTM)
29.1
Forward 22.0
Earnings Growth (YoY)
+6.6%
Revenue +23.6%
Dividend Yield
1.95%
P/B 7.6
About this companyIndustrials· Trucks & Buses

Ashok Leyland Limited, together with its subsidiaries, engages in the manufacture and sale of commercial vehicles in India and internationally. It offers buses; haulage and ICV trucks, as well as tractors and tippers; light commercial vehicles goods carriers and passenger, as well as small commercial vehicles goods carriers; and defense vehicles comprising logistics, high mobility, armored, and specialist vehicles. The company also provides power solutions, such as diesel generators, agriculture engines, industrial engines, and marine engines; spare parts; and vehicle and housing financing services. In addition, it trades in commercial vehicles; and offers manpower supply, air chartering, and IT services, as well as manufactures forgings and castings. Further, the company operates retail stores; and LeyKart, an e-commerce store for spare parts. The company was incorporated in 1948 and is headquartered in Chennai, India.

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All analytics based on EOD data. Data as of 2026-10-09. Past data patterns are not indicative of future results. This page is a data analytics tool only.