Trending stocks: Ashok Leyland shares down nearly 2%

NEW DELHI: Shares of Ashok Leyland Ltd. traded 1.81 per cent down in Wednesday's trade at 10:13AM (IST). Around 291,775 shares changed hands on the counter.

The scrip opened at Rs 52.8 and touched an intraday high and low of Rs 52.8 and Rs 50.9, respectively, in the session so far. The stock of Ashok Leyland Ltd. quoted a 52-week high of Rs 87.5 and a 52-week low of Rs 33.7.

Total market cap of the Ashok Leyland Ltd. stood at Rs 15088.61 crore at the time of writing this report.


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.

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

Shareholding pattern
As of 30-Jun-2020, DIIs held 8.5 per cent stake in the firm, while foreign institutional investors held 15.51 per cent and the promoters 0.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 44.82 and a price-to-book ratio of 1.7. 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.