Ashok Leyland shares 0.36% as Sensex falls
Ashok Leyland Ltd. traded 0.36 per cent at Rs 232.85 at 01:54PM (IST) on Monday, even as BSE benchmark Sensex 400.35 points to 81732.77.
The stock had closed at Rs 232.00 in the previous session. The stock quoted a 52-week high price of Rs 264.70 and 52-week low of Rs 157.65, respectively. As per BSE data, total traded volume on the counter till 01:54PM (IST) stood at 574797 shares with a turnover of Rs 13.28 crore.
At the prevailing price, shares of the company traded at 26.00 times its trailing 12-month EPS of Rs 8.95 per share and 5.58 times its price-to-book value, exchange data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future.
Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 1.5531.
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