Share price of Ashok Leyland falls as Sensex gains 147.47 points
A total of 224,359 shares changed hands on the counter till 12:58PM (IST)
Share price of dropped 0.22 per cent to Rs 176.7 at 12:58PM (IST) in Tuesday's trade. The counter hit a high of Rs 177.65 and low of Rs 175.75 so far during the session. The stock had closed at Rs 177.1 in the previous session.The counter had a total traded volume of 12:58PM shares so far with a turnover of Rs 3.96 crore on . The stock traded at a price-to-earnings multiple of 21.82 and a price-to-book ratio of 4.78.
A higher P/E ratio shows 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 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.
Promotor/FII Holding
Promoters held 51.53 per cent stake in the company as of 31-Dec-2023, while FIIs and domestic institutional investors ownership stood at 20.48 per cent and 14.54 per cent, respectively.
Key Financials
The firm reported consolidated net sales of Rs 11119.45 crore for the quarter ended 31-Dec-2023, down 3.0 per cent from the previous quarter's Rs 11463.03 crore and down 6.61 per cent from the year-ago quarter's Rs 10430.39 crore.
Its profit for the latest quarter stood at Rs 560.21 crore, up 75.59 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
