Ashok Leyland Ltd fell for a fifth straight session today. The stock is quoting at 87.65, down 2.18% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.07% on the day, quoting at 11333.85. The Sensex is at 37741.42, down 1.11%.Ashok Leyland Ltd has gained around 5.22% in last one month.Meanwhile, Nifty Auto index of which Ashok Leyland Ltd is a constituent, has eased around 1.95% in last one month and is currently quoting at 8336.6, down 1.22% on the day. The volume in the stock stood at 73.6 lakh shares today, compared to the daily average of 259.55 lakh shares in last one month.

The benchmark March futures contract for the stock is quoting at Rs 87.55, down 2.4% on the day. Ashok Leyland Ltd tumbled 39.3% in last one year as compared to a 11.88% rally in NIFTY and a 23.76% fall in the Nifty Auto index.

The PE of the stock is 13.28 based on TTM earnings ending December 18.

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Ashok Leyland achieved total sales of 18245 units in February 2019 compared to 18181 units sold in February 2018.

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Net profit of Ashok Leyland declined 21.45% to Rs 380.84 crore in the quarter ended December 2018 as against Rs 484.86 crore during the previous quarter ended December 2017. Sales declined 11.43% to Rs 6245.21 crore in the quarter ended December 2018 as against Rs 7051.49 crore during the previous quarter ended December 2017.

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Ashok Leyland has completed the acquisition of 4,50,005 shares of Rs 10 each constituting 11.25% in the paid up share capital of Ashley Aviation. Consequent to the said acquisition, the company's shareholding in Ashley Aviation stands increased from 88.75% to 100% making it a wholly owned subsidiary of the company.

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