Ashok Leyland shares up 0.93% as Nifty gains
A total of 819,643 shares changed hands on the counter till 11:41AM (IST).
NEW DELHI: Shares of traded 0.93 per cent up in Thursday's trade at 11:41AM (IST). Around 819,643 shares changed hands on the counter.The stock opened at Rs 226.95 and touched an intraday high and low of Rs 231.1 and Rs 224.3, respectively, in the session so far. The stock of quoted a 52-week high of Rs 237.9 and a 52-week low of Rs 149.0.
Total market cap of the . stood at Rs 67359.35 crore at the time of writing this report.
Key Financials
The company reported consolidated net 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, 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 27.12 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
