Ashok Leyland Share Price: Ashok Leyland shares down 0.93% as Nifty gains

Shares of Ashok Leyland Ltd. rose 0.93 per cent to Rs 174.35 in Friday’s trade. It hit an intraday high of Rs 176.75 and low of Rs 174.05, respectively, during the day.

The stock quoted a 52-week high price of Rs 191.45 and low of Rs 133.1.

As of 12:23PM (IST), the counter saw total traded volume of 308,415 shares with a traded value of Rs 5.42 crore, according to NSE.

The stock had closed at Rs 176.0 in the previous session.

The scrip has declined -0.2 per cent in the past one month till date, while the benchmark BSE Sensex has gained 9.31 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 23.89 while price-to-book ratio stood at 4.78. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Auto – Cars/UV/CV industry. Promoter/FII Holding
Promoters held 0.0 per cent stake in the company as of 30-Sep-2023, while FII and MF ownership in the firm stood at 20.05 per cent and 10.02 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 11463.03 crore for the quarter ended 30-Sep-2023, up 17.75 per cent from the previous quarter’s Rs 9735.45 crore and up 19.15 per cent from the year-ago quarter’s Rs 9620.28 crore. Its net profit for the latest quarter stood at Rs 526.01 crore, up 220.91 per cent from the same quarter a year ago.

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