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    Share price of Ashok Leyland falls as Nifty weakens

    Synopsis

    A total of 736,988 shares changed hands on the counter till 01:17PM (IST).

    Brokers trade at computer terminals at stock brokerage firm in MumbaiReuters
    Investors should therefore use dips towards 15,200-15,400 to their advantage to accumulate quality largecaps and midcaps.
    Shares of Ashok Leyland Ltd. slipped 2.0 per cent to Rs 149.1 in Wednesday's trade as of 01:17PM (IST).

    The stock hit a high price of Rs 155.0 and low of Rs 148.3 during the session.

    The return on equity (ROE) for the stock stood at -4.93 per cent. Traded volume on the counter stood at 01:17PM shares and turnover at Rs 11.14 crore around that time.

    The stock of Ashok Leyland Ltd. quoted a 52-week high and 52-week low prices of Rs 169.4 and Rs 128.35, 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 51.53 per cent stake in the company as of 31-Mar-2023, while overseas investors held 14.85 per cent and domestic institutional investors had 22.06 per cent.

    Key Financials
    The company reported consolidated sales of Rs 13233.16 crore for the quarter ended 31-Mar-2023, up 26.87 per cent from previous quarter's Rs 10430.39 crore and up 32.89 per cent from the year-ago quarter's Rs 9957.95 crore.

    Net profit after tax for the latest quarter stood at Rs 752.53 crore, up 436.6 per cent from the same quarter a year ago.
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