Ashok Leyland rose 4.96% to Rs 56.05 at 9:21 IST on BSE after the company said its total sales jumped 48% to 9,290 units in December 2014 over December 2013.
The announcement was made before trading hours today, 5 January 2015.
Meanwhile, the BSE Sensex was up 35.54 points, or 0.13%, to 27,923.44.
On BSE, so far 6.91 lakh shares were traded in the counter, compared with an average volume of 19.51 lakh shares in the past one quarter.
The stock hit a high of Rs 56.20 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 54.20 so far during the day. The stock hit a 52-week low of Rs 14.90 on 17 February 2014.
The stock had underperformed the market over the past one month till 2 January 2015, falling 2.55% compared with 1.96% fall in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 27.14% as against Sensex's 4.97% rise.
Also Read
The large-cap company has an equity capital of Rs 284.59 crore. Face value per share is Re 1.
Sales of medium and heavy commercial vehicle (M&HCV) surged 85% to 7,210 units in December 2014 over December 2013. Sales of light commercial vehicles (LCV) declined 13% to 2,080 units in December 2014 over December 2013.
Ashok Leyland reported a net profit of Rs 120.69 crore in Q2 September 2014, 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.
Powered by Capital Market - Live News