Share price of Ashok Leyland falls as Sensex drops 280.18 points

Share price of Ashok Leyland falls as Sensex drops 280.18 points
ETMarkets.com
Share
Font Size
Save
Comment
Synopsis

A total of 1,027,409 shares changed hands on the counter till 01:47PM (IST)

Reuters
Investors should therefore use dips towards 15,200-15,400 to their advantage to accumulate quality largecaps and midcaps.
Share price of Ltd. dropped 4.59 per cent to Rs 119.4 at 01:47PM (IST) in Friday's trade. The stock hit a high of Rs 124.9 and low of Rs 118.5 so far during the session. The stock had closed at Rs 125.15 in the previous session.

The counter had a total traded volume of 01:47PM shares so far with a turnover of Rs 12.45 crore on BSE. The stock traded at a price-to-earnings multiple of -1168.93 and a price-to-book ratio of 4.77.

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.

Did you Know?

Stock score of Ashok Leyland Ltd moved up by 2 in 3 months on a 10-point scale.

View Latest Stock Report »

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 30-Jun-2021, while overseas investors and domestic institutional investors ownership stood at 17.04 per cent and 18.16 per cent, respectively.

Key Financials
The firm reported consolidated net sales of Rs 4103.27 crore for the quarter ended 30-Jun-2021, down 49.82 per cent from the previous quarter's Rs 8176.73 crore and down 171.44 per cent from the year-ago quarter's Rs 1511.69 crore.

Its loss for the latest quarter stood at Rs 273.86 crore, down 33.05 per cent from the same quarter a year ago.

Read More News on

(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

Read before you invest. Insights on Ashok Leyland Ltd.. Explore Now