Ashok Leyland shares gain 0.45% as Sensex falls

Shares of Ashok Leyland Ltd. traded 0.45 per cent up at Rs 146.45 at 11:33AM (IST) on Wednesday, even as BSE benchmark Sensex dropped 399.22 points to 62569.91. The stock had settled at Rs 145.8 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 169.4 and Rs 128.35, respectively.

As per BSE data, total traded volume on the counter till 11:33AM (IST) stood at 11:33AM shares with turnover at Rs 20.62 crore.

At the current price, shares of the company trades at 33.0 times its trailing 12-month EPS of Rs 4.44 per share and 4.78 times its price-to-book value, BSE data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.

The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.55.

Shareholding Details
Promoters held 51.53 per cent stake in the company as of 31-Mar-2023, while FIIs owned 14.85 per cent and DIIs 22.06 per cent.