Ashok Leyland shares down 1.25% as Nifty drops

Ashok Leyland shares down 1.25% as Nifty drops
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Synopsis

A total of 677,864 shares changed hands on the counter till 01:39PM (IST).

ETMarkets.com
NEW DELHI: Shares of Ltd. traded 1.25 per cent down in Monday's trade at 01:39PM (IST). Around 677,864 shares changed hands on the counter.

The stock opened at Rs 131.85 and touched an intraday high and low of Rs 131.85 and Rs 127.3, 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 46.6.

Total market cap of the Ashok Leyland Ltd. stood at Rs 38235.24 crore at the time of writing this report.

Did you Know?

Stock score of Ashok Leyland Ltd moved up by 2 in a week.

View Latest Stock 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-Mar-2021, DIIs held 9.76 per cent stake in the company, while foreign institutional investors held 18.08 per cent and the promoters 51.54 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of -76.51 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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