Ashok Leyland rose 4.52% to Rs 72.90 at 15:06 IST on BSE after the company said its total sales rose 36% to 10,762 units in February 2015 over February 2014.
The announcement was made during trading hours today, 2 March 2015.
Meanwhile, the BSE Sensex was up 96.25 points, or 0.33%, to 29,457.75.
On BSE, so far 38.25 lakh shares were traded in the counter, compared with an average volume of 23.29 lakh shares in the past one quarter.
The stock hit a high of Rs 73.10 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 70.95 so far during the day. The stock hit a 52-week low of Rs 15.40 on 4 March 2014.
The stock had outperformed the market over the past one month till 28 February 2015, rising 2.27% compared with 0.67% fall in the Sensex. The scrip had also outperformed the market in past one quarter, rising 33.24% as against Sensex's 2.33% 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.
Sales of medium and heavy commercial vehicle (M&HCV) surged 48% to 8,230 units in February 2015 over February 2014. Sales of light commercial vehicles (LCV) rose 8% to 2,532 units in February 2015 over February 2014, Ashok Leyland said in a statement.
Ashok Leyland reported net profit of Rs 32.09 crore in Q3 December 2014 compared with net loss of Rs 167.21 crore in Q3 December 2013. Net sales rose 72.9% to Rs 3290.62 crore in Q3 December 104 over Q3 December 2013.
Ashok Leyland is the second largest manufacturer of commercial vehicles in India, the 4th largest manufacturer of buses in the world and the 16th largest manufacturer of trucks globally.
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