Shares of Ashok Leyland skidded to over five-month low on the BSE, in otherwise firm market despite the company reporting a better-than-expected net profit for the quarter ended June 2018 (Q1FY19).
Ashok Leyland that hit its lowest level since February 2, 2018, has slipped over 34% from its 52-week high of Rs 168 touched on May 8, 2018. The stock recorded a 52-week low of Rs 98.80 on August 11, 2017 in intra-day trade. On Wednesday, it ended at Rs 110 levels on the BSE.
As regards results, the company posted over three-fold year on year (yoy) jump
Ashok Leyland that hit its lowest level since February 2, 2018, has slipped over 34% from its 52-week high of Rs 168 touched on May 8, 2018. The stock recorded a 52-week low of Rs 98.80 on August 11, 2017 in intra-day trade. On Wednesday, it ended at Rs 110 levels on the BSE.
As regards results, the company posted over three-fold year on year (yoy) jump