Ashok Leyland slips 3% on plant shutdown

The share touched its 52-week high Rs 138.55 and 52-week low Rs 77.50 on 21 June 2018 and 18 February 2019, respectively.

Shares of Ashok Leyland shed 3 percent in the early trade on June 20 after the company decided to shut its Pantnagar plant.


As part of the company's strategy to align with the production and sales requirements, the company's plant situated at Pantnagar will remain closed from June 24, 2019, to June 29, 2019 (both days inclusive), as per BSE filing.

The share touched its 52-week high Rs 138.55 and 52-week low Rs 77.50 on 21 June 2018 and 18 February 2019, respectively.

Currently, it is trading 41.32 percent below its 52-week high and 4.9 percent above its 52-week low.

The company's trailing 12-month (TTM) EPS was at Rs 6.35 per share. (Mar 2019). The stock's price-to-earnings (P/E) ratio was 12.81.

The latest book value of the company is Rs 28.38 per share. At current value, the price-to-book value of the company was 2.87. The dividend yield of the company was 3.81 percent.

At 09:22 hrs Ashok Leyland was quoting at Rs 81.20, down Rs 1.65, or 1.99 percent on the BSE.

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