The counter has had a total traded volume of 263567 shares so far with a value of Rs 6.53 crore on the NSE. It traded at a price-to-earnings multiple of 30.05 and a price-to-book ratio of 5.58.
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 40.1 per cent during the past one year, while the 30-share index advanced 21.74 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-2024, while overseas investors and domestic institutional investors ownership stood at 21.85 per cent and 6.74 per cent, respectively.
Key Financials
The company reported consolidated sales of Rs 10754.43 crore for the quarter ended 30-Jun-2024, down 21.0 per cent from the previous quarter’s Rs 13613.29 crore and down 10.47 per cent from the year-ago quarter’s Rs 9735.45 crore.
Profit for the latest quarter stood at Rs 509.15 crore, down 6.39 per cent from the same quarter a year ago.
