Ashok Leyland shares down 2.19% as Nifty gains
A total of 761,311 shares changed hands on the counter till 12:43PM (IST).
NEW DELHI: Shares of traded 2.19 per cent down in Wednesday's trade at 12:43PM (IST). Around 761,311 shares changed hands on the counter.The scrip opened at Rs 234.65 and touched an intraday high and low of Rs 235.95 and Rs 226.15, respectively, in the session so far. Shares of the company of quoted a 52-week high of Rs 245.6 and a 52-week low of Rs 157.65.
As per , the total market cap of the . stood at Rs 67271.26 crore at the time of writing this report.
Key Financials
The company reported consolidated sales of Rs 13613.29 crore for the quarter ended 31-Mar-2024, up 22.43 per cent from previous quarter's Rs 11119.45 crore and up 2.87 per cent from the year-ago quarter's Rs 13233.16 crore.
The net profit for latest quarter stood at Rs 853.41 crore, up 13.41 per cent from the corresponding quarter last year.
Shareholding pattern
As of 31-Mar-2024, DIIs 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 P/E multiple of 27.09 and a price-to-book ratio of 5.58. 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
