Share price of Ashok Leyland falls as Sensex gains 609.65 points
Ashok Leyland Ltd. dropped 0.08 per cent to Rs 176.5 at 01:05PM (IST) in Monday's trade. The scrip hit a high of Rs 177.75 and low of Rs 175.5 so far during the session.
The stock had closed at Rs 176.65 in the previous session.
The counter had a total traded volume of 01:05PM shares so far with a turnover of Rs 19.84 crore on BSE. The stock traded at a price-to-earnings multiple of 24.09 and a price-to-book ratio of 4.78.
A higher P/E ratio shows 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 is the measure of the price that investors are ready to pay even for no growth in the business.
Ashok Leyland Ltd.
belongs to the Auto — Cars/UV/CV industry.
Promotor/FII Holding Promoters held 51.53 per cent stake in the company as of 30-Sep-2023, while foreign investors and domestic institutional investors ownership stood at 20.21 per cent and 16.5 per cent, respectively.
Key Financials The firm reported consolidated sales of Rs 11463.03 crore for the quarter ended 30-Sep-2023, up 17.75 per cent from the previous quarter's Rs 9735.45 crore and up 19.15 per cent from the year-ago quarter's Rs 9620.28 crore.
