Ashok Leyland shares down 0.35% as Nifty drops
A total of 349,581 shares changed hands on the counter till 11:01AM (IST).
NEW DELHI: Shares of traded 0.35 per cent down in Thursday's trade at 11:01AM (IST). Around 349,581 shares changed hands on the counter.The counter opened at Rs 169.45 and touched an intraday high and low of Rs 170.15 and Rs 167.9, 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 133.1.
Total market cap of the . stood at Rs 49782.04 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-Dec-2023, domestic institutional investors held 8.71 per cent stake in the firm, while foreign institutional investors held 20.48 per cent and the promoters 51.53 per cent.
Valuation ratio
According to data, the stock traded at a price-to-earnings multiple of 20.89 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
