Ashok Leyland fell 2.42% to Rs 68.45 at 14:27 IST on BSE, with the stock sliding on profit booking after recent rally.
Meanwhile, the S&P BSE Sensex was down 112.49 points or 0.38% at 29,349.78.
On BSE, so far 12.54 lakh shares were traded in the counter, compared with an average volume of 23.25 lakh shares in the past one quarter.
The stock hit a high of Rs 70.50 and a low of Rs 67.85 so far during the day. The stock hit a record high of Rs 71.15 yesterday, 19 February 2015. The stock had hit a 52-week low of Rs 15.40 on 20 February 2014.
The stock had outperformed the market over the past one month till 19 February 2015, surging 15.95% compared with Sensex's 4.25% rise. The scrip had also outperformed the market in past one quarter, jumping 32.99% as against Sensex's 5.1% rise.
The large-cap commercial vehicle maker has equity capital of Rs 284.59 crore. Face value per share is Re 1.
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Shares of Ashok Leyland had risen 5.96% in two trading sessions to settle at Rs 70.15 yesterday, 19 February 2015, from a recent low of Rs 66.20 on 16 February 2015.
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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