Ashok Leyland Ltd rose for a third straight session today. The stock is quoting at Rs 171.7, up 1.6% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.36% on the day, quoting at 22424.05. The Sensex is at 73932.72, up 1.28%. Ashok Leyland Ltd has added around 1.06% in last one month.

Meanwhile, Nifty Auto index of which Ashok Leyland Ltd is a constituent, has added around 4.67% in last one month and is currently quoting at 21146.2, up 1.04% on the day. The volume in the stock stood at 78.54 lakh shares today, compared to the daily average of 128.6 lakh shares in last one month.

The benchmark March futures contract for the stock is quoting at Rs 171.45, up 1.3% on the day. Ashok Leyland Ltd is up 25.83% in last one year as compared to a 31.28% gain in NIFTY and a 76.27% gain in the Nifty Auto index.

The PE of the stock is 20.25 based on TTM earnings ending December 23.