Share price of Ashok Leyland jumps as Sensex gains 668.08 points

The share price of Ashok Leyland Ltd. gained 1.74 per cent to Rs 247.35 at 12:43PM (IST) in Wednesday's trade. The stock has hit a high of Rs 248.0 and low of Rs 244.25 so far during the session. The stock had closed at Rs 243.1 in the previous session.

The counter has had a total traded volume of 210182 shares so far with a value of Rs 5.17 crore on the NSE. It traded at a price-to-earnings multiple of 29.48 and a price-to-book ratio of 5.58.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.


The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 35.13 per cent during the past one year, while the 30-share index advanced 18.82 per cent during the same period.

Ashok Leyland Ltd. belongs to the Auto - Cars/UV/CV industry.

Promotor/FII Holding
Promoters held 0.0 per cent stake in the company as of 30-Jun-2024, while overseas investors and domestic institutional investors ownership stood at 21.85 per cent and 6.74 per cent, respectively.

Key Financials
The company reported consolidated net sales of Rs 10754.43 crore for the quarter ended 30-Jun-2024, down 21.0 per cent from the previous quarter's Rs 13613.29 crore and down 10.47 per cent from the year-ago quarter's Rs 9735.45 crore.

Profit for the latest quarter stood at Rs 509.15 crore, down 6.39 per cent from the same quarter a year ago.