Share price of Ashok Leyland falls as Sensex drops 166.76 points
Promoters held 0.0 per cent stake in the company as of 31-Mar-2024, while FII and DII ownership stood at 21.28 per cent and 5.79 per cent, respectively.
The share price of dropped 1.53 per cent to Rs 201.4 at 01:59PM (IST) in Wednesday's trade. The scrip has hit a high of Rs 205.45 and low of Rs 200.4 so far during the session. The stock had closed at Rs 204.55 in the previous session.The counter has had a total traded volume of 694828 shares so far with a value of Rs 14.04 crore on the . It traded at a price-to-earnings multiple of 21.9 and a price-to-book ratio of 4.78.
A higher price-to-earnings 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 reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 31.38 per cent during the past one year, while the 30-share index advanced 18.11 per cent during the same period.
belongs to the Auto - Cars/UV/CV industry.
Promotor/FII Holding
Promoters held 0.0 per cent stake in the company as of 31-Mar-2024, while FIIs and domestic institutional investors ownership stood at 21.28 per cent and 5.79 per cent, respectively.
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 the previous quarter's Rs 11463.03 crore and down 6.61 per cent from the year-ago quarter's Rs 10430.39 crore.
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
