Ashok Leyland up on better August numbers

DALAL STREET SPIKES

Among the auto sector stocks, Ashok Leyland managed to end in the positives after the company announced better August sales numbers.

After hitting a high of Rs 19.75, Ashok Leyland stocks closed at Rs 19.25, 0.52 per cent higher than the previous close. The counter, however, witnessed huge volumes of more than 23.23 lakh shares on the BSE yesterday.

The company said that its vehicle sales in August 2004 rose by 1.9 per cent from a year ago to 4,023 units. The company's exports in the same period surged 152 per cent to 583 units.

A 10-for-1 stock split was done by the company with effect from 29 June, 2004. The counter since August has witnessed record volumes with alternate bout of buy and sell.

From Rs 22.55 on 29 June, 2004, the scrip has come down 14.6 per cent to Tuesday's close of Rs 19.25.