Ashok Leyland fell 2.34% to Rs 85.65 at 13:15 IST on BSE after the company reported 6% fall in total sales to 10,897 units in August 2016 over August 2015.
The company announced the monthly sales volume data during market hours today, 1 September 2016.Meanwhile, the S&P BSE Sensex was up 59.16 points or 0.21% at 28,511.33
On BSE, so far 11.27 lakh shares were traded in the counter as against average daily volume of 16.22 lakh shares in the past one quarter. The stock hit a high of Rs 87.75 and a low of Rs 84.55 so far during the day. The stock had hit a record high of Rs 112.80 on 13 April 2016. The stock had hit a 52-week low of Rs 78.05 on 11 August 2016. The stock had underperformed the market over the past 30 days till 31 August 2016, falling 0.51% compared with Sensex's 1.68% rise. The scrip had also underperformed the market in past one quarter, sliding 16.91% as against Sensex's 5.99% rise.
The large-cap company has equity capital of Rs 284.59 crore. Face value per share is Re 1.
Ashok Leyland reported 8% fall in sales of medium and heavy commercial vehicles (M&HCV) to 8,201 units in August 2016 over August 2015. Sales of light commercial vehicles (LCV) rose 2% to 2,696 units in August 2016 over August 2015.
Ashok Leyland's net profit rose 101.23% to Rs 290.78 crore on 11.35% growth in total income to Rs 4352.79 crore in Q1 June 2016 over Q1 June 2015.
Ashok Leyland is one of the leading manufacturers of medium and heavy commercial vehicles in India.
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