Share price of Ashok Leyland rises as Nifty weakens
A total of 259,351 shares changed hands on the counter till 10:45AM (IST).
Shares of gained 0.69 per cent to Rs 195.35 in Wednesday's trade as of 10:45AM (IST).The stock hit a high price of Rs 197.2 and low of Rs 192.6 during the session.
The return on equity (ROE) for the stock stood at 14.57 per cent. Traded volume on the counter stood at 10:45AM shares and turnover at Rs 5.07 crore around that time.
The stock of quoted a 52-week high and 52-week low prices of Rs 205.1 and Rs 144.2, respectively.
The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 1.55.
Promotor/FII Holding
Promoters held 51.52 per cent stake in the company as of 31-Mar-2024, while FIIs held 21.45 per cent and domestic institutional investors had 11.99 per cent.
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.
Net profit after tax 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
