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Published on 9/09/2019 4:15:26 PM | Source: Dion Global Solutions Ltd

Ashok Leyland sheds 3% as it declares non-working days across units

Posted in Stock On The Move| #Auto Sector #Ashok Leyland Ltd. #Stock On The Move

Shares of Ashok Leyland fell nearly 3 per cent on Monday at the Bombay Stock Exchange after it announced no working days at various manufacturing plants for September, due to the continued weak demand for its products.

The company's Pantnagar plant will have as many as 18 non-working days in September, while the Ennore unit would have 16. The Alwar and Bhandara plants would have 10 non-working days each, while Hosur 1 and 2 and CPPs will have five such days, the company informed the exchanges.

Following the development, shares of the company slipped as much as 2.8 per cent in the intra-day trade at 62.10 a piece on BSE. On NSE, the shares of the company were trading at Rs 63.00 apiece, down by 1.41 per cent. Meanwhile, the BSE Sensex was at 37,124.21, up by 142 points or 0.38 per cent at 15: 05 hours.