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    Ashok Leyland shares up 0.42% as Nifty gains

    Synopsis

    A total of 206,841 shares changed hands on the counter till 11:12AM (IST).

    Reuters
    Nifty continues to climb a wall of worry as it looks to be in the final leg of its rally before heading for a correction.
    NEW DELHI: Shares of Ltd. traded 0.42 per cent up in Monday's trade at 11:12AM (IST). Around 206,841 shares changed hands on the counter.

    The scrip opened at Rs 142.95 and touched an intraday high and low of Rs 144.5 and Rs 142.0, respectively, in the session so far. The stock of Ashok Leyland Ltd. quoted a 52-week high of Rs 149.75 and a 52-week low of Rs 78.25.

    As per BSE, the total market cap of the Ashok Leyland Ltd. stood at Rs 41801.91 crore at the time of writing this report.

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

    The net loss for latest quarter stood at Rs 273.86 crore, down 33.05 per cent from the corresponding quarter last year.

    Shareholding pattern
    As of 30-Sep-2021, DIIs held 13.52 per cent stake in the company, while foreign institutional investors held 16.19 per cent and the promoters 0.0 per cent.


    Valuation ratio
    According to BSE data, the stock traded at a price-to-earnings multiple of -1392.93 and a price-to-book ratio of 4.24. 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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