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Thursday, February 25, 2021

Stock market news: Ashok Leyland shares fall over 1%

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NEW DELHI: Shares of Ashok Leyland Ltd. traded 1.38 per cent down in Monday’s trade at 12:57PM (IST). Around 1,098,939 shares changed hands on the counter.

The counter opened at Rs 76.3 and touched an intraday high and low of Rs 77.05 and Rs 74.4, 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 22060.49 crore at the time of writing this report.

Key Financials

The company reported consolidated net sales of Rs 1480.16 crore for the quarter ended 30-Jun-2020, down 70.91 per cent from previous quarter’s Rs 5088.04 crore and down 77.28 per cent from the year-ago quarter’s Rs 6514.73 crore.

The net loss for latest quarter stood at Rs 409.08 crore.

Shareholding pattern

As of 30-Jun-2020, DIIs held 8.5 per cent stake in the company, 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 -69.02 and a price-to-book ratio of 1.62. 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.

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