Ashok Leyland declines on reporting 10% fall in September sales
Ashok Leyland is currently trading at Rs. 235.20, down by 2.95 points or 1.24% from its previous closing of Rs. 238.15 on the BSE.
The scrip opened at Rs. 232.05 and has touched a high and low of Rs. 236.75 and Rs. 232.05 respectively. So far 208666 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 264.70 on 27-Aug-2024 and a 52 week low of Rs. 157.65 on 14-Mar-2024.
Last one week high and low of the scrip stood at Rs. 242.55 and Rs. 234.60 respectively. The current market cap of the company is Rs. 69387.78 crore.
The promoters holding in the company stood at 51.52%, while Institutions and Non-Institutions held 36.23% and 12.25% respectively.
Ashok Leyland has reported 10% fall in its total sales, including exports, at 17233 units in September 2024 as compared to 19202 units in September 2023. Light Commercial Vehicle (LCV) sales stood at 6156 units in September 2024. Medium and heavy commercial vehicles (M&HCV) Trucks and bus sales stood at 8644 units and 2433 units, respectively.
Domestic sales in September 2024 stood at 16041 units. Domestic LCV sales stood at 5831 units in September 2024. Domestic M&HCV Trucks and M&HCV bus sales stood at 8414 units and 1796 units, respectively.
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.
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