Ashok Leyland rose 2.06% to Rs 17.30 at 11:34 IST on BSE after a block deal of 87.85 lakh shares was executed on the counter at Rs 17.20 per share at 9:42 IST on BSE today, 14 October 2013.
Meanwhile, the BSE Sensex was up 65.31 points, or 0.33%, to 20,596.19
On BSE, a high 94.69 lakh shares were traded in the counter compared with average volume of 23.39 lakh shares in the past one quarter.
The stock hit a high of Rs 17.45 and a low of Rs 16.90 so far during the day. The stock hit a 52-week low of Rs 11.82 on 29 August 2013. The stock hit a 52-week high of Rs 28.70 on 3 December 2012.
The stock had outperformed the market over the past one month till 11 October 2013, rising 24.46% compared with the Sensex's 2.66% rise. The scrip, however, underperformed the market in past one quarter, falling 8.38% as against Sensex's 4.33% rise.
The mid-cap company has an equity capital of Rs 266.07 crore. Face value per share is Re 1.
Shares of Ashok Leyland have been on active recently on volume front due to block deals being executed on the counter. On 10 October 2013, Hinduja Automotive bought 2.60 crore shares of Ashok Leyland from Lotus Global Investments at Rs 15.80 per share in a block deal on the BSE.
On 11 October 2013, Hinduja Automotive bought 2.60 crore shares of Ashok Leyland from Lotus Global Investments at Rs 16.55 per share in a block deal on the BSE.
Hinduja Automotive, a promoter entity of Ashok Leyland, owned 38.61% stake in Ashok Leyland (as at end 30 June 2013).
On 7 October, 2013, Ashok Leyland launched a multi-purpose vehicle with a tag name 'Stile' in the domestic market. It was developed by the Ashok Leyland-Nissan Motor Company joint venture. Stile, which will roll out from Nissan's manufacturing plant at Oragadam, near Chennai, will address various applications like 7-8 seater people transport in the urban and rural areas, hotel shuttles, taxi services, ambulances, panel vans, courier services, inter-city and intra-city travel, Ashok Leyland said in a statement.
Ashok Leyland reported a net loss of Rs 141.75 crore in Q1 June 2013, as against net profit of Rs 66.94 crore in Q1 June 2012. Net sales declined 21.9% to Rs 2313.21 crore in Q1 June 2013 over Q1 June 2012.
Ashok Leyland, the flagship of the Hinduja Group, is the second largest maker of commercial vehicles in India after Tata Motors.
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