Ashok Leyland Ltd. traded 2.2 per cent up at Rs 173.5 at 11:51AM (IST) on Monday, even as BSE benchmark Sensex gained 917.2 points to 71617.87.
The scrip had settled at Rs 169.75 in the previous session.
The stock quoted a 52-week high and 52-week low of Rs 191.45 and Rs 133.1, respectively.
As per BSE data, total traded volume on the counter till 11:51AM (IST) stood at 11:51AM shares with turnover at Rs 7.53 crore.
At the current price, shares of the company trades at 23.71 times its trailing 12-month earnings per share of Rs 7.29 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 is the measure of the price that investors are ready to pay even for no growth in the business.
The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.55.
Shareholding Details Promoters held 51.53 per cent stake in the company as of 31-Dec-2023, while FIIs owned 20.48 per cent and DIIs 14.54 per cent.