Share price of Ashok Leyland rises as Nifty strengthens

Shares of Ltd. gained 2.48 per cent to Rs 128.1 in Tuesday's trade as of 10:21AM (IST).

The stock hit a high price of Rs 128.35 and low of Rs 125.6 during the session.

The return on equity (ROE) for the stock stood at 4.33 per cent. Traded volume on the counter stood at 10:21AM shares and turnover at Rs 4.97 crore around that time.

The stock of Ashok Leyland Ltd. quoted a 52-week high and 52-week low prices of Rs 138.85 and Rs 42.05, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 1.55.

Promotor/FII Holding
Promoters held 51.54 per cent stake in the company as of 31-Mar-2021, while FIIs held 18.08 per cent and domestic institutional investors had 16.72 per cent.

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.

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