Ashok Leyland rose 1.68% to Rs 90.85 at 12:08 IST on BSE after the company reported 30% growth in total sales to 13,886 units in January 2016 over January 2015.
The announcement was made during trading hours today, 1 February 2016.Meanwhile, the BSE Sensex was up 43.60 points, or 0.18%, to 24,914.29.
On BSE, so far 4.75 lakh shares were traded in the counter, compared with an average volume of 11.52 lakh shares in the past one quarter. The stock hit a high of Rs 91.05 and a low of Rs 89.20 so far during the day. The stock hit a record high of Rs 99.65 on 30 November 2015. The stock hit a 52-week low of Rs 56.10 on 10 February 2015. The stock had outperformed the market over the past one month till 29 January 2016, falling 0.33% compared with 4.64% decline in the Sensex. The scrip had also outperformed the market in past one quarter, falling 4.18% as against Sensex's 7.33% fall.
The large-cap commercial vehicles maker has an equity capital of Rs 284.59 crore. Face value per share is Rs 1.
The company reported 40% increase in sales of medium and heavy commercial vehicles (M&HCV) to 11,208 units in January 2016 over January 2015. Sales of light commercial vehicles (LCV) rose 2% to 2,678 units in January 2016 over January 2015.
Ashok Leyland will announce Q3 results on 11 February 2016. The company's net profit rose 137.6% to Rs 286.81 crore on 54.9% growth in net sales to Rs 4878.81 crore in Q2 September 2015 over Q2 September 2014.
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Ashok Leyland is the second largest manufacturer of commercial vehicles in terms of sales in India.
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