Ashok Leyland lost 0.44% to Rs 90.95 at 12:20 IST on BSE, with the stock sliding amid volatility after the company said its total sales grew 28% to 12,533 units in October 2016 over October 2015.
The company announced the monthly sales volume data during market hours today, 1 November 2016.Meanwhile, the S&P BSE Sensex was up 84.18 points or 0.3% at 28,014.39.
On BSE, so far 13.02 lakh shares were traded in the counter as against average daily volume of 12.68 lakh shares in the past one quarter. The stock was volatile. The stock lost as much as 1.42% at the day's low of Rs 90.05 so far during the day. The stock rose as much as 1.42% at the day's high of Rs 92.65 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 75.15 on 30 September 2016. The stock had outperformed the market over the past one month till 30 October 2016, advancing 14.76% compared with 0.23% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, sliding 4.3% as against Sensex's 0.43% fall.
The large-cap company has equity capital of Rs 284.59 crore. Face value per share is Rs 1.
Ashok Leyland's sales of light commercial vehicles (LCV) rose 13% to 2,959 units in October 2016 over October 2015. Sales of medium & heavy commercial vehicles (M&HCV) surged 33% to 9,574 units in October 2016 over October 2015.
Ashok Leyland's net profit jumped 101.2% to Rs 290.78 crore on 10.6% growth in net sales to Rs 4175.79 crore in Q1 June 2016 over Q1 June 2015. The company is scheduled to announce Q2 September 2016 earnings on 8 November 2016.
Ashok Leyland is one of the leading manufacturers of medium and heavy commercial vehicles in India.
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