Ashok Leyland stock price: Ashok Leyland stock price rose 1.29% on rising Nifty.
The security opened at Rs 209.5 and so far hit intraday high and low of Rs 210.75 and Rs 206.2, respectively. Ashok Leyland Ltd. The company’s stock hit a 52-week high of Rs 213.4 and a 52-week low of Rs 144.2.
According to BSE, the total market capitalization of Ashok Leyland Ltd. was Rs 61516.06 crore at the time of writing this report.
main financial
The company reported consolidated net sales of Rs 11119.45 crore for the quarter ended December 31, 2023, a decline of 3.0 per cent compared to Rs 11463.03 crore in the previous quarter and a decline of 6.61 per cent compared to Rs 10430.39 crore in the year-ago quarter.
Its net profit in the latest quarter was Rs 560.21 crore, up 75.59% year-on-year.
stock holding pattern
As of March 31, 2024, DII holds 5.79% stake in the company, foreign institutional investors hold 21.28% and promoters hold 0.0%.
Evaluation ratio
The stock traded at a P/E multiple of 25.82 and a price-to-book ratio of 4.78, according to BSE data. A higher P/E ratio indicates that investors are willing to pay a higher price due to expectations of better future growth. Price book value represents the intrinsic value of a company and measures the price investors are prepared to pay even if the company does not grow.
Ashok Leyland Ltd. belongs to Automotive/UV/CV industry.
