Ashok Leyland fell 1.45% to Rs 54.50 at 11.23 IST on BSE on profit booking after gaining 21.4% in prior eleven trading days.
Meanwhile, the BSE Sensex was up 54.21 points, or 0.19%, to 28,232.09
On BSE, so far 7.63 lakh shares were traded in the counter, compared with an average volume of 20.37 lakh shares in the past one quarter.
The stock hit a high of Rs 55.75 and a low of Rs 54.45 so far during the day. The stock had scaled a record high of Rs 56.15 on 13 November 2014. 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 17 November 2014, rising 27.57% compared with the Sensex's 7.93% rise. The scrip also outperformed the market in past one quarter, surging 59.37% as against Sensex's 7.95% rise.
The large-cap company has an equity capital of Rs 284.59 crore. Face value per share is Re 1.
Shares of Ashok Leyland had gained 21.4% in eleven trading days to settle at Rs 55.30 on 17 November 2014 from its recent low of Rs 45.55 on 29 October 2014.
On 3 November 2014, Ashok Leyland had reported 23% rise in total vehicle sales to 8,375 units in October 2014 over October 2013.
Ashok Leyland reported a net profit of Rs 120.69 crore in Q2 September 2014, as compared to net loss of Rs 25.05 crore in Q2 September 2013. Net sales rose 26.1% to Rs 3150.37 crore in Q2 September 2014 over Q2 September 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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