Ashok Leyland shares down 1.76% as Nifty falls

As of 12:28PM (IST), the counter saw total traded volume of 996,466 shares with a traded value of Rs 17.38 crore, according to .

The stock had closed at Rs 178.35 in the previous session.

The scrip has advanced 8.21 per cent in the past one month till date, while the benchmark BSE has slipped -0.41 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 21.59 while price-to-book ratio stood at 4.78. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Auto - Cars/UV/CV industry.

Promoter/FII Holding
Promoters held 0.0 per cent stake in the company as of 31-Dec-2023, while FII and MF ownership in the firm stood at 20.32 per cent and 8.64 per cent, respectively.

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 the previous quarter's Rs 11463.03 crore and down 6.61 per cent from the year-ago quarter's Rs 10430.39 crore. Its net profit for the latest quarter stood at Rs 560.21 crore, up 75.59 per cent from the same quarter a year ago.