Ashok Leyland rose 1.26% to Rs 104.60 at 11:44 IST on BSE after the company said it received an order worth over Rs 120 crore from a domestic logistics company.
The announcement was made during trading hours today, 11 August 2017.Meanwhile, the S&P BSE Sensex was down 210.80 points, or 0.67% to 31,320.53.
On the BSE, 8.67 lakh shares were traded in the counter so far, compared with average daily volumes of 16.93 lakh shares in the past one quarter. The stock had hit a high of Rs 105.45 and a low of Rs 98.80 so far during the day. The stock hit a record high of Rs 114.25 on 8 August 2017. The stock hit a 52-week low of Rs 73.60 on 22 November 2016.
The stock had underperformed the market over the past one month till 10 August 2017, falling 2.91% compared with 0.86% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 20.75% as against Sensex's 4.45% rise. The scrip had also outperformed the market in past one year, rising 18.33% as against Sensex's 13.18% rise.
The large-cap company has equity capital of Rs 292.65 crore. Face value per share is Re 1.
Ashok Leyland will supply 500 fully-built trucks to Rivigo, India's fastest growing logistics company.
Ashok Leyland's net profit fell 61.7% to Rs 111.23 crore on 0.5% decline in net sales to Rs 4237.78 crore in Q1 June 2017 over Q1 June 2016.
Ashok Leyland is one of the leading manufacturers of medium and heavy commercial vehicles in India.
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