Ashok Leyland shares gain 0.02% as Sensex falls
Ashok Leyland Ltd. traded 0.02 per cent up at Rs 173.6 at 11:11AM (IST) on Thursday, even as BSE benchmark Sensex dropped 18.17 points to 64957.44.
The stock had closed at Rs 173.55 in the previous session.
The stock quoted a 52-week high price of Rs 191.45 and 52-week low of Rs 133.1, respectively. As per BSE data, total traded volume on the counter till 11:11AM (IST) stood at 216792 shares with a turnover of Rs 3.76 crore.
At the current price, shares of the company traded at 28.68 times its trailing 12-month earnings per share of Rs 6.06 per share and 4.78 times its price-to-book value, BSE 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 1.55.
Shareholding Details
Promoters held 0.0 per cent stake in the company as of 30-Sep-2023, while FIIs owned 20.05 per cent and DIIs 10.02 per cent.
Technicals On the technical charts, the relative strength index (RSI) of the stock stood at 53.26. The RSI oscillates between zero and 100.
