Share price of Ashok Leyland jumps as Sensex gains 377.32 points

The share price of Ashok Leyland Ltd. gained 0.28 per cent to Rs 175.0 at 12:07PM (IST) in Friday's trade. The counter has hit a high of Rs 176.65 and low of Rs 174.1 so far during the session. The stock had closed at Rs 174.5 in the previous session.

The counter has had a total traded volume of 709224 shares so far with a value of Rs 12.44 crore on the NSE. It traded at a price-to-earnings multiple of 21.58 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 15.97 per cent during the past one year, while the 30-share index advanced 19.85 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 31-Dec-2023, while overseas investors and domestic institutional investors ownership stood at 20.32 per cent and 8.64 per cent, respectively.

Key Financials
The firm reported consolidated sales of Rs 11119.45 crore for the quarter ended 31-Dec-2023, down 3.0 per cent from the previous quarter's Rs 11463.03 crore and down 6.61 per cent from the year-ago quarter's Rs 10430.39 crore.

Profit for the latest quarter stood at Rs 560.21 crore, up 75.59 per cent from the same quarter a year ago.

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