Ashok Leyland rose 3.04% to Rs 91.45 at 9:23 IST on BSE after the company reported 31% growth in total sales to 12,209 units in December 2015 over December 2014.
The announcement was made on Saturday, 2 January 2016.
Meanwhile, the BSE Sensex was down 147.98 points, or 0.57%, to 26,012.92.
On BSE, so far 3.21 lakh shares were traded in the counter, compared with an average volume of 12.72 lakh shares in the past one quarter.
The stock hit a high of Rs 91.95 and a low of Rs 90.20 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 52.25 on 2 January 2015.
The stock had underperformed the market over the past one month till 1 January 2016, sliding 4.93% compared with 0.03% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 5.84% as against Sensex's 0.23% fall.
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The large-cap company has an equity capital of Rs 284.59 crore. Face value per share is Re 1.
The company reported 35% increase in sales of medium and heavy commercial vehicles (M&HCV) to 9,758 units in December 2015 over December 2014. Sales of light commercial vehicles (LCV) rose 18% to 2,451 units in December 2015 over December 2014.
Ashok Leyland'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.
Ashok Leyland is the second largest manufacturer of commercial vehicles in terms of sales in India.
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