Ashok Leyland shares gain over 3 per cent as Dec sales rise 31.4 per cent

Ashok Leyland share price gained as much as 3.6 per cent on Monday after the Hinduja Group flagship company on Saturday reported a 31.4 per cent increase in total sales at 12,209 units in December 2015.

At 10.34 am, share price of the company was trading 3.15 per cent up at Rs 91.55. The scrip opened at Rs 90.20 and has touched a high and low of Rs 92.00 and Rs 90.20, respectively, in trade so far. Sensex was trading 258.28 points down at 25,902.62.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 99.65 on 30-Nov-2015 and a 52 week low of Rs. 52.25 on 01-Jan-2015.

Last one week high and low of the company’s scrip stood at Rs 91.95 and Rs 87.65 respectively. The current market cap of the company is Rs 26096.69 crore.

The sales of medium and heavy commercial vehicles jumped 35.33 per cent to 9,758 units in December as against 7,210 in the same month a year ago, the company said in a statement. Light commercial vehicles sales grew 17.83 per cent to 2,451 units as against 2,080 in December 2014.

Ashok Leyland, the Hinduja Group flagship company in India, is engaged in the manufacturing of commercial vehicles and related components. The company’s products include buses, trucks, engines, defense and special vehicles.

Ashok Leyland Limited