Ashok Leyland shares down 0.05% as Nifty drops
A total of 468,739 shares changed hands on the counter till 10:40AM (IST).
NEW DELHI: Shares of traded 0.05 per cent down in Thursday's trade at 10:40AM (IST). Around 468,739 shares changed hands on the counter.The stock opened at Rs 201.0 and touched an intraday high and low of Rs 202.2 and Rs 197.6, respectively, in the session so far. Shares of the company of quoted a 52-week high of Rs 205.1 and a 52-week low of Rs 144.2.
As per , the total market cap of the . stood at Rs 58271.41 crore at the time of writing this report.
Key Financials
The company reported consolidated sales of Rs 11119.45 crore for the quarter ended 31-Dec-2023, down 3.0 per cent from previous quarter's Rs 11463.03 crore and down 6.61 per cent from the year-ago quarter's Rs 10430.39 crore.
The net profit for latest quarter stood at Rs 560.21 crore, up 75.59 per cent from the same quarter a year ago.
Shareholding pattern
As of 31-Mar-2024, domestic institutional investors held 5.79 per cent stake in the firm, while foreign institutional investors held 21.28 per cent and the promoters 0.0 per cent.
Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 21.9 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.
. belongs to the Auto - Cars/UV/CV industry.
Source: Stocks-Markets-Economic Times
