Ashok Leyland Shares Rise on Strong Sales and Financial Performance
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Ashok Leyland Shares Rise on Strong Sales and Financial Performance

Ashok Leyland shares saw a 2.3% increase, extending a five-day winning streak to Rs 189. This rise is attributed to strong December sales, improved financial performance, and positive technical indicators. The company reported a 27% year-on-year increase in total sales for December, with medium and heavy commercial vehicle sales up 29%. Over the past year, the stock has gained 60%, reflecting sustained investor confidence despite short-term overbought conditions indicated by the RSI.

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