Ashok Leyland shares up 0.25% as Nifty drops
A total of 312,707 shares changed hands on the counter till 11:26AM (IST).
NEW DELHI: Shares of traded 0.25 per cent up in Thursday's trade at 11:26AM (IST). Around 312,707 shares changed hands on the counter.The stock opened at Rs 178.0 and touched an intraday high and low of Rs 178.75 and Rs 177.05, respectively, in the session so far. Shares of the company of quoted a 52-week high of Rs 191.45 and a 52-week low of Rs 136.7.
Total market cap of the . stood at Rs 52134.49 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 corresponding quarter last year.
Shareholding pattern
As of 31-Mar-2024, domestic institutional investors held 5.84 per cent stake in the firm, while foreign institutional investors held 21.45 per cent and the promoters 51.52 per cent.
Valuation ratio
According to data, the stock traded at a price-to-earnings multiple of 21.88 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
