Ashok Leyland shares down 0.26% as Nifty falls
Ashok Leyland Ltd. rose 0.26 per cent to Rs 185.35 in Friday's trade.
It hit an intraday high of Rs 187.5 and low of Rs 184.7, respectively, during the day.
The stock quoted a 52-week high price of Rs 191.45 and low of Rs 133.1.
As of 10:51AM (IST), the counter saw total traded volume of 222,757 shares with a traded value of Rs 415.0 crore, according to NSE.
The stock had closed at Rs 185.85 in the previous session.
The scrip has advanced 1.37 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -4.14 per cent during the same period.
According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 30.68 while price-to-book ratio stood at 4.78. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.
The stock belongs to the Auto — Cars/UV/CV industry.
Promoter/FII Holding Promoters held 0.0 per cent stake in the company as of 30-Jun-2023, while FII and MF ownership in the firm stood at 16.45 per cent and 13.13 per cent, respectively.
Key Financials The company reported consolidated sales of Rs 9735.45 crore for the quarter ended 30-Jun-2023, down 26.43 per cent from the previous quarter's Rs 13233.16 crore and down 34.31 per cent from the year-ago quarter's Rs 7248.49 crore. Its net profit for the latest quarter stood at Rs 543.89 crore, up 699.25 per cent from the same quarter a year ago.
