Ashok Leyland shares up 0.54% as Nifty gains
A total of 203,327 shares changed hands on the counter till 11:21AM (IST).
NEW DELHI: Shares of traded 0.54 per cent up in Tuesday's trade at 11:21AM (IST). Around 203,327 shares changed hands on the counter.The scrip opened at Rs 173.25 and touched an intraday high and low of Rs 174.3 and Rs 172.75, respectively, in the session so far. The stock of quoted a 52-week high of Rs 191.45 and a 52-week low of Rs 136.05.
Total market cap of the . stood at Rs 51062.73 crore at the time of writing this report.
Key Financials
The company reported consolidated net 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, DIIs held 5.84 per cent stake in the company, 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 P/E multiple of 21.43 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
