Ashok Leyland shares 0.0% as Nifty gains

As of 12:18PM (IST), the counter saw total traded volume of 312,055 shares with a traded value of Rs 7.14 crore, according to .

The stock had closed at Rs 228.15 in the previous session.

The scrip has advanced 17.33 per cent in the past one month till date, while the benchmark BSE has gained 11.59 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 26.99 while price-to-book ratio stood at 5.58. 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-Mar-2024, while FII and MF ownership in the firm stood at 21.28 per cent and 5.79 per cent, respectively.

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 the previous quarter's Rs 11119.45 crore and up 2.87 per cent from the year-ago quarter's Rs 13233.16 crore. Its net profit for the latest quarter stood at Rs 853.41 crore, up 13.41 per cent from the same quarter a year ago.