ashok leyland share price: Ashok Leyland shares up 0.59% as Nifty gains

Shares of Ltd. rose 0.59 per cent to Rs 135.55 in Tuesday’s trade. It hit an intraday high of Rs 137.25 and low of Rs 134.9, respectively, during the day.

The stock quoted a 52-week high price of Rs 138.85 and low of Rs 48.65.

As of 11:38AM (IST), the counter saw total traded volume of 321,693 shares with a traded value of Rs 4.37 crore, according to NSE.

The stock had closed at Rs 134.75 in the previous session.

The scrip has advanced 10.7 per cent in the past one month till date, while the benchmark BSE Sensex has gained 1.17 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of -240.47 while price-to-book ratio stood at 1.62. 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 8176.73 crore for the quarter ended 31-Mar-2021, up 36.27 per cent from the previous quarter’s Rs 6000.28 crore and up 59.48 per cent from the year-ago quarter’s Rs 5127.11 crore. Its net profit for the latest quarter stood at Rs 352.56 crore, up 1851.08 per cent from the same quarter a year ago.

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