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How to buy Ashok Leyland (ASHOKLEY) shares
Learn how to easily invest in Ashok Leyland shares.
Ashok Leyland Limited (ASHOKLEY) is a leading farm & heavy construction machinery business based in India. It opened the day at INR123 after a previous close of INR122.2. During the day the price has varied from a low of INR122 to a high of INR123.95. The latest price was INR123.55 (25 minute delay). Ashok Leyland is listed on the NSE and employs 10,101 staff. All prices are listed in Indian Rupee.
How to buy shares in Ashok Leyland from India
- Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
- Search for Ashok Leyland. Find the stock by name or ticker symbol: ASHOKLEY. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Ashok Leyland reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At last close price of INRINR137.3, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Ashok Leyland, depending on your broker.
- Check in on your investment. Congratulations, you own a part of Ashok Leyland. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
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Is it a good time to buy Ashok Leyland stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Ashok Leyland shares at a glance
|52-week range||INR110.82 - INR169.45|
|50-day moving average||INR145.63|
|200-day moving average||INR147.82|
|Wall St. target price||INR142.03|
|Dividend yield||INR0 (0.74%)|
|Earnings per share (TTM)||INR2.07|
Ashok Leyland stock price (NSE:ASHOKLEY)Use our graph to track the performance of ASHOKLEY stocks over time.
Ashok Leyland price performance over time
Historical closes compared with the close of INR123.55 from 2023-03-23
|1 week (2023-03-16)||-11.59%|
|1 month (2023-02-24)||-12.56%|
|3 months (2022-12-23)||-10.37%|
|6 months (2022-09-23)||-22.44%|
|1 year (2022-03-24)||10.26%|
|2 years (2021-03-24)||10.16%|
|3 years (2020-03-24)||247.54%|
|5 years (2018-03-23)||142.05|
Is Ashok Leyland stock undervalued or overvalued?
Valuing Ashok Leyland stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Ashok Leyland's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Ashok Leyland's P/E ratio
Ashok Leyland's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 67x. In other words, Ashok Leyland shares trade at around 67x recent earnings.
Ashok Leyland's EBITDA
Ashok Leyland's EBITDA (earnings before interest, taxes, depreciation and amortisation) is INR42.5 billion.
The EBITDA is a measure of a Ashok Leyland's overall financial performance and is widely used to measure a its profitability.
Ashok Leyland financials
|Revenue TTM||INR384 billion|
|Operating margin TTM||9%|
|Gross profit TTM||INR86.2 billion|
|Return on assets TTM||3.99%|
|Return on equity TTM||2.99%|
|Market capitalisation||INR407.8 billion|
TTM: trailing 12 months
Ashok Leyland share dividends
Dividend payout ratio: 42.81% of net profits
Recently Ashok Leyland has paid out, on average, around 42.81% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.74% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Ashok Leyland shareholders could enjoy a 0.74% return on their shares, in the form of dividend payments. In Ashok Leyland's case, that would currently equate to about INR0 per share.
While Ashok Leyland's payout ratio might seem fairly standard, it's worth remembering that Ashok Leyland may be investing much of the rest of its net profits in future growth.
The latest dividend was paid out to all shareholders who bought their shares by 14 July 2022 (the "ex-dividend date").
Have Ashok Leyland's shares ever split?
Ashok Leyland's shares were split on a 2:1 basis on 2 August 2011. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Ashok Leyland shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Ashok Leyland shares which in turn could have impacted Ashok Leyland's share price.
Ashok Leyland share price volatility
Over the last 12 months, Ashok Leyland's shares have ranged in value from as little as INR110.8236 up to INR169.45. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NSE average) beta is 1, while Ashok Leyland's is 0.717. This would suggest that Ashok Leyland's shares are less volatile than average (for this exchange).
Ashok Leyland overview
Ashok Leyland Limited, together with its subsidiaries, manufactures and sells commercial vehicles in India and internationally. The company offers city, inter-city, school and college, staff, tourist, stage carrier, and airport shuttle buses; haulage and ICV distribution trucks, as well as tractors and tippers; light and small commercial vehicles, goods carriers, and passenger vehicles; and defense vehicles comprising logistics, high mobility, armored, light tactical, tracked, and simulator vehicles. It also provides power solutions, such as diesel generators, agriculture engines, industrial engines, and marine engines; spare parts, including trailer axle and suspension, repair, and retro fitment kits; and vehicle and housing financing services. In addition, the company trades in commercial vehicles; offers manpower supply services and air chartering services; provides IT services; and driver training services, as well as manufactures forgings and castings. Further, it operates retail stores; and LeyKart, an e-commerce store for spare parts. The company was incorporated in 1948 and is headquartered in Chennai, India. Ashok Leyland Limited is a subsidiary of Hinduja Automotive Limited.
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