Share price of Ashok Leyland jumps as Sensex drops 57.4 points

The share price of Ashok Leyland Ltd. gained 0.06 per cent to Rs 184.1 at 12:02PM (IST) in Tuesday's trade. The stock has hit a high of Rs 185.9 and low of Rs 183.05 so far during the session. The stock had closed at Rs 184.0 in the previous session.

The counter has had a total traded volume of 409988 shares so far with a value of Rs 757.0 crore on the NSE. It traded at a price-to-earnings multiple of 30.35 and a price-to-book ratio of 4.78.

A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 19.38 per cent during the past one year, while the 30-share index advanced 15.47 per cent during the same period.

Ashok Leyland Ltd. belongs to the Auto - Cars/UV/CV industry.

Promotor/FII Holding
Promoters held 0.0 per cent stake in the company as of 30-Jun-2023, while foreign investors and domestic institutional investors ownership stood at 16.45 per cent and 13.13 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 9735.45 crore for the quarter ended 30-Jun-2023, down 26.43 per cent from the previous quarter's Rs 13233.16 crore and down 34.31 per cent from the year-ago quarter's Rs 7248.49 crore.

Profit for the latest quarter stood at Rs 543.89 crore, up 699.25 per cent from the same quarter a year ago.