Ashok Leyland shares 2.31% as Sensex falls
Ashok Leyland Ltd. traded 2.31 per cent at Rs 220.80 at 02:05PM (IST) on Friday, even as BSE benchmark Sensex 98.56 points to 79443.23. The stock had closed at Rs 215.80 in the previous session.
The stock quoted a 52-week high and 52-week low of Rs 264.70 and Rs 157.65, respectively.
As per BSE data, total traded volume on the counter till 02:05PM (IST) stood at 02:05PM shares with turnover at Rs 17.71 crore.
At the current price, shares of the company trades at 26.38 times its trailing 12-month earnings per share of Rs 8.34 per share and 5.58 times its price-to-book value, the 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 is the measure of the price that investors are ready to pay even for no growth in the business.
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