Ashok Leyland nears 52-week high post October sales, zooms 72% in 3 months

Ashok Leyland's total volumes were up 1 per cent year-on-year to 9,989 units in October, led by healthy 14 per cent growth each in trucks and LCVs

Shares of Ashok Leyland gained 4 per cent at Rs 85.35 on the BSE on Tuesday, gaining 8 per cent in the past two trading days after the company reported healthy growth in sales of trucks and low commercial vehicles (LCVs) in the month of October.

The stock of commercial vehicle maker was trading close to its 52-week high of Rs 87.50 touched on January 24, 2020. In past three months, it rallied 72 per cent, as compared to 8.6 per cent gain in the S&P BSE Sensex.

Ashok Leyland’s total volumes were up 1 per cent year-on-year