Ashok Leyland rose 2.53% to Rs 16.20 at 10:15 IST on BSE after a block deal of 2.6 crore shares was struck at Rs 15.90 per share on BSE at 9:26 IST.
Meanwhile, the BSE Sensex was down 17.96 points, or 0.09%, to 20,231.30.
On BSE, a huge 2.69 crore shares were traded in the counter compared with average volume of 14.28 lakh shares in the past one quarter.
The stock hit a high of Rs 16.40 and a low of Rs 15.75 so far during the day. The stock hit a 52-week low of Rs 11.82 on 29 August 2013. The stock hit a 52-week high of Rs 28.70 on 3 December 2012.
The stock had outperformed the market over the past one month till 9 October 2013, rising 21.82% compared with the Sensex's 5.08% rise. The scrip had, however, underperformed the market in past one quarter, falling 15.51% as against Sensex's 4.17% rise.
The mid-cap company has an equity capital of Rs 266.07 crore. Face value per share is Re 1.
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On 7 October, 2013, Ashok Leyland launched a multi-purpose vehicle with a tag name 'Stile' in the domestic market. It was developed by the Ashok Leyland-Nissan Motor Company joint venture. Stile, which will roll out from Nissan's manufacturing plant at Oragadam, near Chennai, will address various applications like 7-8 seater people transport in the urban and rural areas, hotel shuttles, taxi services, ambulances, panel vans, courier services, inter-city and intra-city travel, Ashok Leyland said in a statement.
Ashok Leyland reported a net loss of Rs 141.75 crore in Q1 June 2013, as against net profit of Rs 66.94 crore in Q1 June 2012. Net sales declined 21.9% to Rs 2313.21 crore in Q1 June 2013 over Q1 June 2012.
Ashok Leyland, the flagship of the Hinduja Group, is the second largest maker of commercial vehicles in India after Tata Motors.
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