ashok leyland share price: Ashok Leyland shares up 0.79% as Nifty gains

NEW DELHI: Shares of Ltd. traded 0.79 per cent up in Monday’s trade at 12:10PM (IST). Around 633,704 shares changed hands on the counter.

The stock opened at Rs 114.1 and touched an intraday high and low of Rs 116.35 and Rs 114.1, respectively, in the session so far. The stock of Ashok Leyland Ltd. quoted a 52-week high of Rs 138.85 and a 52-week low of Rs 42.05.

As per BSE, the total market cap of the Ashok Leyland Ltd. stood at Rs 33787.92 crore at the time of writing this report.

Key Financials

The company reported consolidated sales of Rs 6000.28 crore for the quarter ended 31-Dec-2020, up 54.74 per cent from previous quarter’s Rs 3877.62 crore and up 15.2 per cent from the year-ago quarter’s Rs 5208.53 crore.

The net profit for latest quarter stood at Rs 14.24 crore, down 46.85 per cent from the corresponding quarter last year.

Shareholding pattern

As of 31-Mar-2021, DIIs held 9.68 per cent stake in the company, while foreign institutional investors held 17.93 per cent and the promoters 0.0 per cent.

Valuation ratio

According to BSE data, the stock traded at a P/E multiple of -67.61 and a price-to-book ratio of 1.62. 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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