Ashok Leyland stock price has seen a remarkable increase, rising over 51% from Rs 171.30 on February 19, 2024, to Rs 260.25 on August 21, 2024. This impressive momentum even led the stock to reach a new all-time high of Rs 261.70 on August 20, 2024. Despite a brief period of consolidation in June and July, the stock rebounded strongly after retesting its 40-day moving average (40-DMA) in early August. The current upward-rising channel pattern further reinforces the bullish sentiment surrounding the stock.
