Ashok Leyland shares down 0.26% as Nifty gains

economictimes.indiatimes.com:

Ashok Leyland Ltd. traded 0.26 per cent down in Friday's trade at 12:18PM (IST). Around 289,518 shares changed hands on the counter.
The scrip opened at Rs 240.7 and touched an intraday high and low of Rs 243.85 and Rs 240.7, respectively, in the session so far. Shares of the company of Ashok Leyland Ltd. quoted a 52-week high of Rs 245.6 and a 52-week low of Rs 157.65.

Total market cap of the Ashok Leyland Ltd. stood at Rs 71161.89 crore at the time of writing this report.
Key Financials The company reported consolidated net sales of Rs 13613.29 crore for the quarter ended 31-Mar-2024, up 22.43 per cent from previous quarter's Rs 11119.45 crore and up 2.87 per cent from the year-ago quarter's Rs 13233.16 crore.
The net profit for latest quarter stood at Rs 853.41 crore, up 13.41 per cent from the corresponding quarter last year.
Shareholding pattern As of 31-Mar-2024, domestic institutional investors held 5.84 per cent stake in the firm, while foreign institutional investors held 21.45 per cent and the promoters 51.52 per cent.

Valuation ratio According to BSE data, the stock traded at a P/E multiple of 28.65 and a price-to-book ratio of 5.58. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.
Ashok Leyland Ltd. belongs to the Auto — Cars/UV/CV industry.