8,748.75-43.45
Stock Analysis, IPO, Mutual Funds, Bonds & More

Ashok Leyland shares jump 8% as Nifty surges

Shares of Ashok Leyland Ltd. traded 8.27 per cent up in trade at 10:35AM on Thursday .

ETMarkets.com|
Last Updated: Mar 26, 2020, 10.39 AM IST
0Comments
Agencies
ashok-leyland


NEW DELHI: Shares of Ashok Leyland traded 8.27 per cent up in Thursday 's trade at 10:35 am.

Around 23712066 shares changed hands on the counter. The stock opened at Rs 35.45 and touched an intraday high and low of Rs 37.85 and Rs 33.8 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 123.1 and a 52-week low of Rs 34.2 .

ICRA has downgraded long-term rating of the company to 'ICRA AA (negative)'; short-term rating reaffirmed at 'ICRA A1+'.

Financials
Ashok Leyland Ltd., incorporated in the year 1948, is a Large Cap company (having a market cap of Rs 10112.89 Crore) operating in Auto sector.

For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 5148.15 Crore, up 2.29 % from last quarter Sales of Rs 5033.06 Crore and down -30.48 % from last year same quarter Sales of Rs 7405.78 Crore Company has reported net profit after tax of Rs 56.64 Crore in latest quarter.

Ashok Leyland Ltd. key Products/Revenue Segments include Commercial Vehicles which contributed Rs 25307.78 Crore to Sales Value (85.95 % of Total Sales), Spare Parts & Others which contributed Rs 1880.47 Crore to Sales Value (6.38 % of Total Sales), Sale of services which contributed Rs 830.30 Crore to Sales Value (2.81 % of Total Sales), Ferrous Castings which contributed Rs 516.38 Crore to Sales Value (1.75 % of Total Sales), Engine & Gensets which contributed Rs 468.04 Crore to Sales Value (1.58 % of Total Sales), Other Operating Revenue which contributed Rs 257.16 Crore to Sales Value (0.87 % of Total Sales), Scrap which contributed Rs 122.60 Crore to Sales Value (0.41 % of Total Sales) and Export Incentives which contributed Rs 61.16 Crore to Sales Value (0.20 % of Total Sales)for the year ending 31-Mar-2019.

Promoters holding
Promoters held 51.12064 per cent stake in the company as of Dec 2019 . For the quarter ended Dec 2019 , the company reported a net sales of Rs 5148.15 crore and net profit of Rs 56.64 crore.

Valuation ratio
It quoted a price-to-earnings ratio of 9.73 and price to book value of 1.02.

Also Read

Nifty Next 50 should outperform Nifty50 from current levels

ITC shares flat as Nifty plummet

Sensex, Nifty circuit limits for today

Nifty indicating a downtrend on short-term charts

Nifty likely to trade in 7,990-8,200

Comments
Add Your Comments
Commenting feature is disabled in your country/region.

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service