Ashok Leyland Share Price: Share price of Ashok Leyland falls as Sensex drops 343.77 points

The share price of . dropped 1.72 per cent to Rs 142.8 at 12:43PM (IST) in Tuesday’s trade. The scrip has hit a high of Rs 145.3 and low of Rs 142.5 so far during the session. The stock had closed at Rs 145.3 in the previous session.

The counter has had a total traded volume of 357813 shares so far with a value of Rs 5.14 crore on the NSE. It traded at a price-to-earnings multiple of -117.3 and a price-to-book ratio of 4.71.

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 13.42 per cent during the past one year, while the 30-share index advanced 3.17 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-Mar-2022, while overseas investors and domestic institutional investors ownership stood at 13.34 per cent and 15.31 per cent, respectively.

Key Financials

The firm reported consolidated net sales of Rs 9957.95 crore for the quarter ended 31-Mar-2022, up 49.16 per cent from the previous quarter’s Rs 6675.83 crore and up 21.78 per cent from the year-ago quarter’s Rs 8176.73 crore.

Profit for the latest quarter stood at Rs 140.24 crore, down 60.22 per cent from the same quarter a year ago.