Ashok Leyland falls despite reporting 14% rise in September sales
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Ashok Leyland is currently trading at Rs. 129.60, down by 1.05 points or 0.80% from its previous closing of Rs. 130.65 on the BSE.
The scrip opened at Rs. 131.10 and has touched a high and low of Rs. 131.75 and Rs. 129.00 respectively. So far 399962 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 143.25 on 03-Aug-2021 and a 52 week low of Rs. 72.00 on 14-Oct-2020.
Last one week high and low of the scrip stood at Rs. 134.45 and Rs. 126.25 respectively. The current market cap of the company is Rs. 38205.89 crore.
The promoters holding in the company stood at 51.54%, while Institutions and Non-Institutions held 35.27% and 13.20% respectively.
Ashok Leyland has reported a 14 percent rise in total sales of commercial vehicles to 9,533 units in September 2021. The company had sold a total of 8,332 units in September last year. The total medium and heavy commercial vehicle sales were at 5,060 units as against 3,630 units in the same month last year, up 39 per cent.
Light commercial vehicle sales were at 4,473 units last month as compared with 4,702 units in the same month last year. The total domestic sales last month stood at 8,787 units, up 12 per cent from 7,835 units in September 2020.
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.
