Ashok Leyland shares up 2.49% as Nifty gains

Ashok Leyland shares up 2.49% as Nifty gains
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Synopsis

A total of 179,906 shares changed hands on the counter till 10:00AM (IST).

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NEW DELHI: Shares of Ltd. traded 2.49 per cent up in Monday's trade at 10:00AM (IST). Around 179,906 shares changed hands on the counter.

The stock opened at Rs 125.0 and touched an intraday high and low of Rs 125.95 and Rs 124.15, respectively, in the session so far. The stock of Ashok Leyland Ltd. quoted a 52-week high of Rs 153.4 and a 52-week low of Rs 95.5.

As per BSE, the total market cap of the Ashok Leyland Ltd. stood at Rs 35930.85 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 5586.91 crore for the quarter ended 30-Sep-2021, up 36.16 per cent from previous quarter's Rs 4103.27 crore and up 44.08 per cent from the year-ago quarter's Rs 3877.62 crore.

The net loss for latest quarter stood at Rs 103.43 crore, down 15.88 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Sep-2021, domestic institutional investors 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 -3425.25 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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