Share price of Ashok Leyland jumps as Sensex gains 42.51 points
Ashok Leyland Ltd. gained 0.69 per cent to Rs 238.05 at 10:45AM (IST) in Tuesday's trade. The scrip has hit a high of Rs 239.0 and low of Rs 236.4 so far during the session. The stock had closed at Rs 236.4 in the previous session.
The counter has had a total traded volume of 176766 shares so far with a value of Rs 4.2 crore on the NSE. It traded at a price-to-earnings multiple of 28.53 and a price-to-book ratio of 5.58.
A higher price-to-earnings 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 reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 33.17 per cent during the past one year, while the 30-share index advanced 25.19 per cent during the same period.
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