Ashok Leyland shares down 0.71% as Nifty falls

Shares of Ltd. rose 0.71 per cent to Rs 112.65 in Friday’s trade. It hit an intraday high of Rs 114.4 and low of Rs 111.4, respectively, during the day.

The stock quoted a 52-week high price of Rs 138.85 and low of Rs 42.05.

As of 01:19PM (IST), the counter saw total traded volume of 785,527 shares with a traded value of Rs 8.81 crore, according to NSE.

The stock had closed at Rs 113.45 in the previous session.

The scrip has declined -2.39 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -2.8 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of -66.26 while price-to-book ratio stood at 1.62. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Auto – Cars/UV/CV industry.

Promoter/FII Holding
Promoters held 0.0 per cent stake in the company as of 31-Mar-2021, while FII and MF ownership in the firm stood at 17.93 per cent and 9.68 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 6000.28 crore for the quarter ended 31-Dec-2020, up 54.74 per cent from the previous quarter’s Rs 3877.62 crore and up 15.2 per cent from the year-ago quarter’s Rs 5208.53 crore. Its net profit for the latest quarter stood at Rs 14.24 crore, down 46.85 per cent from the same quarter a year ago.

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