Ashok Leyland shares up 0.41% as Nifty gains

NEW DELHI: Shares of Ashok Leyland Ltd. traded 0.41 per cent up in Friday's trade at 12:59PM (IST).

Around 241,207 shares changed hands on the counter. The counter opened at Rs 254.75 and touched an intraday high and low of Rs 255.



35 and Rs 251.05, respectively, in the session so far. Shares of the company of Ashok Leyland Ltd.

quoted a 52-week high of Rs 264.7 and a 52-week low of Rs 157.65.

Total market cap of the Ashok Leyland Ltd . stood at Rs 74643.98 crore at the time of writing this report.

Key Financials The company reported consolidated net sales of Rs 10754.43 crore for the quarter ended 30-Jun-2024, down 21.0 per cent from previous quarter's Rs 13613.

29 crore and down 10.47 per cent from the year-ago quarter's Rs 9735.45 crore.

The net profit for latest quarter stood at Rs 509.15 crore, down 6.39 per cent from the same quarter a year ago.

Shareholding pattern As of 30-Jun-2024, domestic institutional investors held 6.8 per cent stake in the firm, while foreign institutional investors held 22.03 per cent and the promoters 51.

52 per cent. Valuation ratio According to BSE data, the stock traded at a P/E multiple of 30.48 and a price-to-book ratio of 5.

58. 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. (You can now subscribe to our ETMarkets WhatsApp channel ).