Ashok Leyland surged 6.5% to Rs 18.85 at 14:42 IST on BSE after the company reported a 16.74% rise in its total vehicle sales at 6,275 units in December 2013 over November 2013.
The company announced the December sales numbers after market hours on Thursday, 2 January 2014.
Meanwhile, the S&P BSE Sensex was down 63.57 points or 0.3% at 20,824.76.
On BSE, so far 40.63 lakh shares were traded in the counter as against average daily volume of 24.48 lakh shares in the past one quarter.
The stock hit a high of Rs 18.95 and a low of Rs 17.60 so far during the day. The stock had hit a 52-week high of Rs 27.90 on 2 January 2013. The stock had hit a 52-week low of Rs 11.82 on 29 August 2013.
The stock had outperformed the market over the past one month till 2 January 2014, advancing 6% compared with the Sensex's 0.05% fall. The scrip had also outperformed the market in past one quarter, jumping 17.61% as against Sensex's 7.03% rise.
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The mid-cap company has equity capital of Rs 266.07 crore. Face value per share is Re 1.
Ashok Leyland's total vehicle sales declined 13.97% to 6,275 units in December 2013 over December 2012. Sales of medium and heavy commercial vehicles fell 25.62% at 3,890 units in December 2013 over December 2012. Light commercial vehicles sales rose 15.55% to 2,385 units in December 2013 over December 2012.
Ashok Leyland reported a net loss of Rs 25.05 crore in Q2 September 2013 compared with net profit of Rs 142.60 crore in Q2 September 2012. Net sales declined 23% to Rs 2498.28 crore in Q2 September 2013 over Q2 September 2012.
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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