Share price of Ashok Leyland Ltd. rises as Nifty weakens

A total of 320,361 shares changed hands on the counter till 11:07AM (IST).

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In effect, financial markets are betting that there is some reasonable approximation of normal on some foreseeable horizon.
Shares of Ashok Leyland Ltd. gained 1.02 per cent to Rs 49.5 in Friday's trade as of 11:07AM (IST).

The stock hit a high price of Rs 49.7 and low of Rs 48.9 during the session.

The return on equity (ROE) for the stock stood at 4.32 per cent. Traded volume on the counter stood at 11:07AM shares and turnover at Rs 1.58 crore around that time.

The stock of Ashok Leyland Ltd. quoted a 52-week high and 52-week low prices of Rs 87.5 and Rs 33.7, respectively.

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

Promotor/FII Holding
Promoters held 0.0 per cent stake in the company as of 30-Jun-2020, while overseas investors held 15.51 per cent and domestic institutional investors had 8.5 per cent.

Key Financials
The company reported consolidated sales of Rs 5088.04 crore for the quarter ended 31-Mar-2020, down 1.17 per cent from previous quarter's Rs 5148.15 crore and down 47.83 per cent from the year-ago quarter's Rs 9752.98 crore.

Net profit after tax for the latest quarter stood at Rs 18.07 crore, down 97.47 per cent from the same quarter a year ago.




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