Ashok Leyland shares up 0.51% as Nifty drops
Ashok Leyland Ltd. traded 0.51 per cent up in Friday's trade at 10:51AM (IST). Around 167,394 shares changed hands on the counter.
The counter opened at Rs 174.85 and touched an intraday high and low of Rs 175.95 and Rs 173.35, respectively, in the session so far. The stock of Ashok Leyland Ltd. quoted a 52-week high of Rs 191.45 and a 52-week low of Rs 133.1.
Total market cap of the Ashok Leyland Ltd. stood at Rs 51543.71 crore at the time of writing this report.
Key Financials The company reported consolidated net sales of Rs 9735.45 crore for the quarter ended 30-Jun-2023, down 26.43 per cent from previous quarter's Rs 13233.16 crore and down 34.31 per cent from the year-ago quarter's Rs 7248.49 crore.
The net profit for latest quarter stood at Rs 543.89 crore, up 699.25 per cent from the corresponding quarter last year.
Shareholding pattern As of 30-Jun-2023, DIIs held 13.24 per cent stake in the firm, while foreign institutional investors held 16.59 per cent and the promoters 51.53 per cent.
Valuation ratio According to BSE data, the stock traded at a P/E multiple of 28.97 and a price-to-book ratio of 4.78.
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.
