Ashok Leyland rose 2.70% to Rs 47.60 at 14.55 IST on BSE after the company's total vehicle sales rose 23% to 8,375 units in October 2014 over October 2013.
The company made the announcement during trading hours today, 3 November 2014.
Meanwhile, the BSE Sensex was down 33.14 points, or 0.12%, to 27,832.69.
On BSE, so far 25.10 lakh shares were traded in the counter, compared with an average volume of 17.30 lakh shares in the past one quarter.
The stock hit a high of Rs 47.75 so far during the day, which is also a 52-week high for the counter. The stock hit a low of Rs 46.25 so far during the day. The stock hit a 52-week low of Rs 14.90 on 17 February 2014.
The stock had outperformed the market over the past one month till 31 October 2014, rising 12.77% compared with 4.64% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 35.92% as against Sensex's 7.61% rise.
The large-cap company has an equity capital of Rs 284.59 crore. Face value per share is Re 1.
Ashok Leyland said its medium and heavy commercial vehicles (M&HCV) sales rose 43% to 5,838 units in October 2014 over October 2013. Light commercial vehicles (LCV) sales fell 6% to 2,537 units in October 2014 over October 2013.
Ashok Leyland will declare its Q2 September 2014 results on 6 November 2014. Ashok Leyland had reported a net loss of Rs 47.95 crore in Q1 June 2014, lower than net loss of Rs 141.75 crore in Q1 June 2013. Net sales rose 5.2% to Rs 2434.62 crore in Q1 June 2014 over Q1 June 2013.
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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