Ashok Leyland rose 4.62% to Rs 112 at 11:36 IST on BSE after the company's total sales rose 25% to 13,634 units in August 2017 over August 2016.
The announcement was made during trading hours today, 1 September 2017.Meanwhile, the S&P BSE Sensex was up 131.81 points, or 0.42% to 31,862.30.
On the BSE, 12.22 lakh shares were traded in the counter so far, compared with average daily volumes of 14.96 lakh shares in the past one quarter. The stock had hit a high of Rs 113 and a low of Rs 107.40 so far during the day. The stock hit a record high of Rs 114.25 on 8 August 2017. The stock hit a 52-week low of Rs 73.60 on 22 November 2016.
The stock had underperformed the market over the past one month till 31 August 2017, falling 1.88% compared with 2.30% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 15.29% as against Sensex's 1.46% rise. The scrip had also outperformed the market in past one year, rising 27.74% as against Sensex's 11.63% rise.
The large-cap company has equity capital of Rs 292.65 crore. Face value per share is Re 1.
Ashok Leyland's sales of light commercial vehicles (LCV) rose 14% to 3,067 units in August 2017 over August 2016. Sales of medium & heavy commercial vehicles (M&HCV) rose 29% to 10,567 units in August 2017 over August 2016.
Ashok Leyland's net profit fell 61.7% to Rs 111.23 crore on 0.5% decline in net sales to Rs 4237.78 crore in Q1 June 2017 over Q1 June 2016.
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Ashok Leyland is one of the leading manufacturers of medium and heavy commercial vehicles in India.
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