Ashok Leyland Share Price: Ashok Leyland shares up 0.46% as Nifty falls

Shares of Ltd. rose 0.46 per cent to Rs 131.0 in Tuesday’s trade. It hit an intraday high of Rs 132.15 and low of Rs 130.4, respectively, during the day.

The stock quoted a 52-week high price of Rs 143.25 and low of Rs 72.0.

As of 11:27AM (IST), the counter saw total traded volume of 545,043 shares with a traded value of Rs 7.16 crore, according to NSE.



The stock had closed at Rs 130.4 in the previous session.

The scrip has advanced 8.94 per cent in the past one month till date, while the benchmark BSE Sensex has gained 8.01 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of -1278.0 while price-to-book ratio stood at 4.24. 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-Jun-2021, while FII and MF ownership in the firm stood at 16.9 per cent and 11.18 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 4103.27 crore for the quarter ended 30-Jun-2021, down 49.82 per cent from the previous quarter’s Rs 8176.73 crore and down 171.44 per cent from the year-ago quarter’s Rs 1511.69 crore. Its net loss for the latest quarter stood at Rs 273.86 crore, down 33.05 per cent from the same quarter a year ago.

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