Ashok Leyland nears record high on strong June sales
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Shares of Ashok Leyland were trading higher by nearly 3% at Rs 76 on the National Stock Exchange (NSE) after the company reported a 41% year-on-year (yoy) increase in total sales of commercial vehicles at 10,461 units in June 2015. The company had sold 7,411 units in the same month last year.
Sales of heavy and medium commercial vehicles (M&HCV) rose by 46% yoy at 8,048 units, while that of light commercial vehicles (LCV) sales rose by 26% at 2,413 units in June, the company said in a filing to the BSE.
With this, the company finished the first quarter (April-June) with sales of 28,186 units, a growth of 41% over the same period in the previous year.
The stock has hit a high of Rs 76.40 in intra-day trade so far and is slightly away from its record high of Rs 77 touched on NSE in April this year. A combined around 3.5 million shares changed hands on the counter on the NSE and BSE.
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