Share price of Ashok Leyland falls as Sensex gains 745.65 points
A total of 860,577 shares changed hands on the counter till 01:19PM (IST)
Share price of dropped 0.37 per cent to Rs 226.15 at 01:19PM (IST) in Friday's trade. The stock hit a high of Rs 228.0 and low of Rs 224.75 so far during the session. The stock had closed at Rs 227.0 in the previous session.The counter had a total traded volume of 01:19PM shares so far with a turnover of Rs 19.44 crore on . The stock traded at a price-to-earnings multiple of 26.74 and a price-to-book ratio of 5.58.
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 51.52 per cent stake in the company as of 31-Mar-2024, while overseas investors and domestic institutional investors ownership stood at 21.45 per cent and 11.99 per cent, respectively.
Key Financials
The company reported consolidated sales of Rs 13613.29 crore for the quarter ended 31-Mar-2024, up 22.43 per cent from the previous quarter's Rs 11119.45 crore and up 2.87 per cent from the year-ago quarter's Rs 13233.16 crore.
Its profit for the latest quarter stood at Rs 853.41 crore, up 13.41 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
