Trending stocks: Ashok Leyland share price down 1%

NEW DELHI: Shares of Ashok Leyland traded 0.41 per cent down in Thursday's trade at 11:38AM (IST). Around 399,358 shares changed hands on the counter.

The counter opened at Rs 48.6 and touched an intraday high and low of Rs 49.55 and Rs 47.45, respectively, in the session so far. Shares of the company of Ashok Leyland Ltd. quoted a 52-week high of Rs 94.9 and a 52-week low of Rs 33.7.

Total market cap of the Ashok Leyland Ltd. stood at Rs 14281.34 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 5148.15 crore for the quarter ended 31-Dec-2019, up 2.29 per cent from previous quarter's Rs 5033.06 crore and up 30.48 per cent from the year-ago quarter's Rs 7405.78 crore.

The net profit for latest quarter stood at Rs 26.79 crore, down 93.29 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2020, domestic institutional investors held 9.74 per cent stake in the company, while foreign institutional investors held 16.8 per cent and the promoters 0.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 13.84 and a price-to-book ratio of 1.45. 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.