Ashok Leyland shares gain 2.92% as Sensex rises

economictimes.indiatimes.com:

Ashok Leyland Ltd. traded 2.92 per cent up at Rs 230.5 at 11:06AM (IST) on Monday, even as BSE benchmark Sensex gained 46.76 points to 80651.41. The scrip had settled at Rs 223.95 in the previous session.
The stock quoted a 52-week high and 52-week low of Rs 245.6 and Rs 157.65, respectively.

As per BSE data, total traded volume on the counter till 11:06AM (IST) stood at 11:06AM shares with turnover at Rs 12.29 crore.
At the current price, the stock trades at 27.21 times its trailing 12-month earnings per share of Rs 8.46 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.
The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.55.
Shareholding Details Promoters held 51.52 per cent stake in the company as of 30-Jun-2024, while FIIs owned 22.03 per cent and DIIs 14.04 per cent.