Ashok Leyland rose 1.5% to Rs 94.90 at 11:31 IST on BSE after a large bulk deal of 1.07 crore shares was executed on the scrip at Rs 93.80 per share in opening trade on BSE.
Meanwhile, the S&P BSE Sensex was down 6.74 points, or 0.02%, to 31,152.66
Bulk deal boosted volume on the scrip. On BSE, 1.21 crore shares were traded in the counter, compared with average daily volume of 13.93 lakh shares in the past one quarter. The stock hit a high of Rs 95.55 and a low of Rs 93.10 so far during the day. The stock hit a 52-week high of Rs 111.65 on 1 June 2016. The stock hit a 52-week low of Rs 73.60 on 22 November 2016.
The stock had outperformed the market over the past one month till 30 May 2017, gaining 9.42% compared with 4.15% gains in the Sensex. The scrip had, however, underperformed the market in past one quarter, gaining 4.76% as against Sensex's 8.41% gains. The scrip had also underperformed the market in past one year, sliding 14.14% as against Sensex's 16.59% gains.
The large-cap company has equity capital of Rs 284.59 crore. Face value per share is Re 1.
Ashok Leyland reported net profit of Rs 476.17 crore in Q4 March 2017 compared with net loss of Rs 140.81 crore in Q4 March 2016. Total income rose 10.84% to Rs 6681.11 crore in Q4 March 2017 over Q4 March 2016.
Ashok Leyland is one of the leading manufacturers of medium and heavy commercial vehicles in India.
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