Ashok Leyland shares 0.09% as Nifty drops

Ashok Leyland shares 0.09% as Nifty drops

Byaea2ede5_admin

NEW DELHI: Shares of Ashok Leyland Ltd. traded 0.09 per cent in Thursday’s trade at 11:16AM (IST). Around 159,354 shares changed hands on the counter.

The stock opened at Rs 218.75 and touched an intraday high and low of Rs 218.75 and Rs 213.85, respectively, in the session so far. The stock of Ashok Leyland Ltd. quoted a 52-week high of Rs 264.70 and a 52-week low of Rs 157.65.


Total market cap of the Ashok Leyland Ltd. stood at Rs 63368.10 crore at the time of writing this report.

Key Financials

The company reported consolidated net sales of Rs 10754.4300 crore for the quarter ended 30-Jun-2024, 21.0 per cent from previous quarter’s Rs 13613.2900 crore and 10.47 per cent from the year-ago quarter’s Rs 9735.4500 crore.
Growfast
The net for latest quarter stood at Rs 509.15 crore, 6.39 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Sep-2024, domestic institutional investors held 5.38 per cent stake in the firm, while foreign institutional investors held 24.39 per cent and the promoters 51.52 per cent.
Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 25.88 and a price-to-book ratio of 5.58. 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.

Ashok Leyland Ltd. belongs to the Auto – Cars/UV/CV industry.



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