Share price of Ashok Leyland falls as Sensex drops 867.38 points

Share price of Ltd. dropped 3.08 per cent to Rs 110.15 at 02:09PM (IST) in Monday's trade. The scrip hit a high of Rs 111.0 and low of Rs 106.2 so far during the session. The stock had closed at Rs 113.65 in the previous session.

The counter had a total traded volume of 02:09PM shares so far with a turnover of Rs 15.73 crore on BSE. The stock traded at a price-to-earnings multiple of -64.27 and a price-to-book ratio of 1.62.

A higher price-to-earnings ratio shows 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 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.

Promotor/FII Holding
Promoters held 51.54 per cent stake in the company as of 31-Dec-2020, while foreign investors and domestic institutional investors ownership stood at 16.3 per cent and 17.64 per cent, respectively.

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 the previous quarter's Rs 3877.62 crore and up 15.2 per cent from the year-ago quarter's Rs 5208.53 crore.

Its profit for the latest quarter stood at Rs 14.24 crore, down 46.85 per cent from the same quarter a year ago.