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    Ashok Leyland shares drop 0.64% as Sensex falls

    Synopsis

    A total of 107,421 shares changed hands on the counter till 12:23PM (IST)

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    India 10-year bond yield fell 0.34 per cent to 6.13 after trading in 6.13-6.16 range.
    Shares of Ashok Leyland Ltd. traded 0.64 per cent down at Rs 169.3 at 12:23PM (IST) on Wednesday, even as BSE benchmark Sensex dropped 197.97 points to 64373.91. The scrip had closed at Rs 170.4 in the previous session.

    The stock quoted a 52-week high and 52-week low of Rs 191.45 and Rs 133.1, respectively.

    As per BSE data, total traded volume on the counter till 12:23PM (IST) stood at 12:23PM shares with turnover at Rs 1.83 crore.

    At the prevailing price, the stock trades at 27.95 times its trailing 12-month EPS of Rs 6.06 per share and 4.78 times its price-to-book value, BSE data showed.

    A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.

    The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.55.

    Shareholding Details
    Promoters held 51.53 per cent stake in the company as of 30-Sep-2023, while FIIs owned 20.21 per cent and DIIs 16.5 per cent.
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