Ashok Leyland shares up 1.47% as Nifty gains

Ashok Leyland shares up 1.47% as Nifty gains
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Synopsis

A total of 299,406 shares changed hands on the counter till 10:46AM (IST).

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The Dow Jones Industrial Average finished up 1,048.86 points, or 5.20 per cent, to 21,237.38 on Tuesday. The S&P500 index increased 143.06 points, or 6.00 per cent, to 2,529.19.

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NEW DELHI: Shares of Ltd. traded 1.47 per cent up in Friday's trade at 10:46AM (IST). Around 299,406 shares changed hands on the counter.

The stock opened at Rs 112.8 and touched an intraday high and low of Rs 114.45 and Rs 112.2, 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 33435.66 crore at the time of writing this report.

Key Financials
The company reported consolidated net 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 same quarter a year ago.

Shareholding pattern
As of 31-Dec-2020, DIIs held 10.88 per cent stake in the company, while foreign institutional investors held 16.17 per cent and the promoters 0.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of -66.91 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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