Ashok Leyland shares down 1.5% as Nifty falls

Shares of Ltd. rose 1.5 per cent to Rs 137.6 in Wednesday’s commerce. It hit an intraday excessive of Rs 140.7 and low of Rs 135.0, respectively, in the course of the day.

The inventory quoted a 52-week excessive worth of Rs 149.75 and low of Rs 73.45.

As of 11:37AM (IST), the counter noticed complete traded quantity of 667,483 shares with a traded worth of Rs 9.24 crore, in accordance with NSE.

The inventory had closed at Rs 139.7 within the earlier session.

The scrip has superior 10.04 per cent up to now one month until date, whereas the benchmark BSE Sensex has gained 5.76 per cent throughout the identical interval.

In accordance with trade information, the inventory traded at a price-to-earnings (P/E) a number of of -1352.34 whereas price-to-book ratio stood at 4.24. The next P/E ratio reveals that buyers are prepared to pay a better worth for per rupee earnings given by the inventory due to higher future development expectations. The value-to-book worth signifies the inherent worth of an organization and it displays the worth buyers are able to pay even for no development in a enterprise.

The inventory belongs to the Auto – Vehicles/UV/CV business.

Promoter/FII Holding
Promoters held 0.0 per cent stake within the firm as of 30-Jun-2021, whereas FII and MF possession within the agency stood at 16.9 per cent and 11.18 per cent, respectively.

Key Financials
The corporate reported consolidated gross sales of Rs 4103.27 crore for the quarter ended 30-Jun-2021, down 49.82 per cent from the earlier quarter’s Rs 8176.73 crore and down 171.44 per cent from the year-ago quarter’s Rs 1511.69 crore. Its internet loss for the newest quarter stood at Rs 273.86 crore, down 33.05 per cent from the identical quarter a 12 months in the past.

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