Ashok Leyland fell 1.36% to Rs 12.32 at 13:52 IST on BSE on profit booking after the stock rose 5.22% in the preceding two trading sessions to Rs 12.49 on 2 September 2013 from a recent low of Rs 11.87 on 29 August 2013.
Meanwhile, the BSE Sensex was down 372.13 points, or 1.97%, to 18,514.
On BSE, 10.45 lakh shares were traded in the counter compared with average volume of 8.84 lakh shares in the past one quarter.
The stock hit a high of Rs 12.70 and a low of Rs 12.26 so far during the day. The stock hit a 52-week high of Rs 28.70 on 3 December 2012. It hit a 52-week low of Rs 11.82 on 29 August 2013.
The stock had underperformed the market over the past one month till 2 September 2013, sliding 2.19% compared with the Sensex's 1.45% decline. The scrip had also underperformed the market in past one quarter, falling 47.30% as against Sensex's 4.42% fall.
The mid-cap company has an equity capital of Rs 266.07 crore. Face value per share is Re 1.
Ashok Leyland announced during trading hours on Monday, 2 September 2013, that its total sales declined 24% to 7,139 units in August 2013 over August 2012. Sales of commercial vehicles excluding small commercial vehicle (SCV) Dost fell 25% to 4,939 units in August 2013 over August 2012. Sales of SCV Dost declined 22% to 2,200 units in August 2013 over August 2012. The stock surged 4.08% to Rs 12.49 on Monday, 2 September 2013.
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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