Share price of Ashok Leyland jumps as Sensex gains 463.44 points
Ashok Leyland Ltd. gained 1.09 per cent to Rs 175.55 at 10:35AM (IST) in Wednesday's trade. The counter has hit a high of Rs 176.75 and low of Rs 174.0 so far during the session.
The stock had closed at Rs 173.65 in the previous session.
The counter has had a total traded volume of 192353 shares so far with a value of Rs 3.38 crore on the NSE. It traded at a price-to-earnings multiple of 29.0 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 reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 17.69 per cent during the past one year, while the 30-share index advanced 14.34 per cent during the same period.
Ashok Leyland Ltd. belongs to the Auto — Cars/UV/CV industry.
Promotor/FII Holding Promoters held 0.0 per cent stake in the company as of 30-Jun-2023, while overseas investors and domestic institutional investors ownership stood at 16.45 per cent and 13.13 per cent, respectively.
