Ashok Leyland fell 1.56% to Rs 22.10 at 9:46 IST on BSE after the company reported 21% decline in total sales to 5897 units in April 2014 over April 2013.
The company made the announcement after market hours on Friday, 2 May 2014.
Meanwhile, the BSE Sensex was up 80.64 points, or 0.36%, to 22,484.53.
On BSE, so far 1.21 lakh shares were traded in the counter, compared with an average volume of 20.87 lakh shares in the past one quarter.
The stock hit a high of Rs 22.35 and a low of Rs 21.80 so far during the day. The stock hit a 52-week high of Rs 25.20 on 11 April 2014. The stock hit a 52-week low of Rs 11.82 on 29 August 2013.
The stock had underperformed the market over the past one month till 2 May 2014, sliding 4.47% compared with the Sensex's 0.65% decline. The scrip had, however, outperformed the market in past one quarter, rising 36.47% as against Sensex's 9.21% rise.
More From This Section
The mid-cap company has an equity capital of Rs 266.07 crore. Face value per share is Re 1.
Ashok Leyland said total sales of medium and heavy commercial vehicle (M&HCV) fell 14% to 4523 units in April 2014 over April 2013. Total sales of light commercial vehicles (LCV) declined 39% to 1374 units in April 2014 over April 2013.
Ashok Leyland reported a net loss of Rs 167.21 crore in Q3 December 2013 compared with net profit of Rs 74.14 crore in Q3 December 2012. Net sales declined 19% to 1903.28 crore in Q3 December 2013 over Q3 December 2012.
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