Ashok Leyland rose 1.72% to Rs 53.25 at 14:10 IST on BSE after the company said its total sales rose 44% to 7,732 units in November 2014 over November 2013.
The announcement was made during trading hours today, 1 December 2014.
Meanwhile, the BSE Sensex was down 7.75 points, or 0.03%, to 28,686.24.
On BSE, so far 10.63 lakh shares were traded in the counter, compared with an average volume of 20.31 lakh shares in the past one quarter.
The stock hit a high of Rs 54.05 and a low of Rs 51.40 so far during the day. The stock hit a record high of Rs 56.15 on 13 November 2014. The stock hit a 52-week low of Rs 14.90 on 17 February 2014.
The stock had outperformed the market over the past one month till 28 November 2014, rising 14.93% compared with 6.75% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 43.23% as against Sensex's 7.72% rise.
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The large-cap company has an equity capital of Rs 284.59 crore. Face value per share is Re 1.
Ashok Leyland's sales of medium and heavy commercial vehicle (M&HCV) surged 92% to 5,204 units in November 2014 over November 2013. Sales of light commerical vehicles (LCV) declined 5% to 2,528 units in November 2014 over November 2013.
Ashok Leyland reported a net profit of Rs 120.69 crore in Q2 September 2014, as compared to net loss of Rs 25.05 crore in Q2 September 2013. Net sales rose 26.1% to Rs 3150.37 crore in Q2 September 2014 over Q2 September 2013.
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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