Ashok Leyland fell 2.72% to Rs 92.85 at 12:15 IST on BSE after the company reported 5% fall in total sales to 10,492 units in July 2016 over July 2015.
The company announced the monthly sales volume data during market hours today, 1 August 2016.Meanwhile, the S&P BSE Sensex was up 26.43 points or 0.09% at 28,078.29
On BSE, so far 31.64 lakh shares were traded in the counter as against average daily volume of 15.51 lakh shares in the past one quarter. The stock hit a high of Rs 97.15 and a low of Rs 92.80 so far during the day. The stock had hit a record high of Rs 112.80 on 13 April 2016. The stock had hit a 52-week low of Rs 77.85 on 25 August 2015. The stock had underperformed the market over the past one month till 29 July 2016, falling 3.54% compared with 4.9% rise in the Sensex. The scrip also underperformed the market in past one quarter, falling 10.46% as against Sensex's 9.55% rise.
The large-cap company has equity capital of Rs 284.59 crore. Face value per share is Re 1.
Ashok Leyland reported 7% fall in sales of medium and heavy commercial vehicles (M&HCV) to 8,182 units in July 2016 over July 2015. Sales of light commercial vehicles (LCV) rose 4% to 2,310 units in July 2016 over July 2015.
Ashok Leyland's net profit rose 101.2% to Rs 290.78 crore on 11.4% growth in total income to Rs 4352.79 crore in Q1 June 2016 over Q1 June 2015.
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Ashok Leyland is one of the leading manufacturers of medium and heavy commercial vehicles in India.
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