Business Standard

Monday, December 23, 2024 | 04:49 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Ashok Leyland hits over 5-month low; slips 14% on BSE to Rs 110 levels

The stock has slipped over 34% from its 52-week high of Rs 168 touched on May 8, 2018

Ashok Leyland
Premium

Despite the poor performance, most brokerages have a positive view on Ashok Leyland

SI Reporter Mumbai
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

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in