Share price of Ashok Leyland jumps as Sensex gains 170.82 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 gained 0.12 per cent to Rs 202.5 at 12:27PM (IST) in Monday's trade. The stock has hit a high of Rs 204.9 and low of Rs 200.25 so far during the session. The stock had closed at Rs 202.25 in the previous session.The counter has had a total traded volume of 989437 shares so far with a value of Rs 20.03 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 40.19 per cent during the past one year, while the 30-share index advanced 23.77 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 overseas investors and domestic institutional investors ownership stood at 21.28 per cent and 5.79 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.
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
