Ashok Leyland Share Value: Ashok Leyland shares up 0.62% as Nifty beneficial properties

NEW DELHI: Shares of Ashok Leyland Ltd. traded 0.62 per cent up in Monday’s commerce at 10:30AM (IST). Round 263,597 shares modified palms on the counter.

The inventory opened at Rs 176.95 and touched an intraday excessive and low of Rs 178.0 and Rs 175.7, respectively, within the session to this point. Shares of the corporate of Ashok Leyland Ltd. quoted a 52-week excessive of Rs 191.45 and a 52-week low of Rs 133.1.

As per BSE, the entire market cap of the Ashok Leyland Ltd. stood at Rs 51866.69 crore on the time of penning this report.

Key Financials
The corporate reported consolidated internet gross sales of Rs 9735.45 crore for the quarter ended 30-Jun-2023, down 26.43 per cent from earlier quarter’s Rs 13233.16 crore and down 34.31 per cent from the year-ago quarter’s Rs 7248.49 crore.

The web revenue for contemporary quarter stood at Rs 543.89 crore, up 699.25 per cent from the corresponding quarter final yr.

Shareholding sample
As of 30-Jun-2023, home institutional buyers held 13.13 per cent stake within the firm, whereas overseas institutional buyers held 16.45 per cent and the promoters 0.0 per cent.
Valuation ratio
In line with BSE information, the inventory traded at a P/E a number of of 29.15 and a price-to-book ratio of 4.78. The next P/E ratio exhibits buyers are keen to pay the next worth due to higher future progress expectations. Value-to-book worth signifies the inherent worth of an organization and is the measure of the worth that buyers are able to pay even for no progress within the enterprise.

Ashok Leyland Ltd. belongs to the Auto – Vehicles/UV/CV business.

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