Ashok Leyland shares up 0.64% as Nifty drops

NEW DELHI: Shares of Ashok Leyland Ltd. traded 0.64 per cent up in Tuesday's trade at 11:07AM (IST). Around 103,908 shares changed hands on the counter.

The stock opened at Rs 150.0 and touched an intraday high and low of Rs 150.3 and Rs 149.4, respectively, in the session so far. Shares of the company of Ashok Leyland Ltd. quoted a 52-week high of Rs 169.4 and a 52-week low of Rs 128.35.

As per BSE, the total market cap of the Ashok Leyland Ltd. stood at Rs 43895.1 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 13233.16 crore for the quarter ended 31-Mar-2023, up 26.87 per cent from previous quarter's Rs 10430.39 crore and up 32.89 per cent from the year-ago quarter's Rs 9957.95 crore.

The net profit for latest quarter stood at Rs 752.53 crore, up 436.6 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Mar-2023, domestic institutional investors held 14.41 per cent stake in the firm, while foreign institutional investors held 14.73 per cent and the promoters 0.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 33.67 and a price-to-book ratio of 4.78. 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.