In Friday’s trading at 1:38 PM (IST), Ashok Leyland’s share price went up by 2.11%. About 300,728 shares were traded. The stock opened at Rs 214.15 and fluctuated between a high of Rs 214.45 and a low of Rs 207.60 during the day. Over the past year, the highest price it reached was Rs 264.70, while the lowest was Rs 157.65. As of now, Ashok Leyland’s total market value is Rs 61,797.11 crore.
Company Performance:
For the quarter ending September 30, 2024, Ashok Leyland reported sales of Rs 11,261.84 crore. This is up by 4.72% compared to the previous quarter, but down 1.76% when compared to the same quarter last year. The company’s profit was Rs 705.64 crore, which is a 34.15% increase from last year.
Share Ownership:
As of September 30, 2024, 5.34% of the company is owned by local investors. Foreign investors own 24.2%, but the company founders own none of the shares.
Valuation Insights:
According to NiftyStat, Ashok Leyland shares trade with a price-to-earnings ratio of 23.51 and a price-to-book ratio of 5.58. A higher price-to-earnings ratio means that investors trust the company will grow in the future. The price-to-book value shows how much investors are willing to pay even if the company isn’t growing much.
Ashok Leyland Ltd. is in the Auto – Cars/UV/CV industry, making it a key player in the vehicle market!
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