Ashok Leyland edges higher despite reporting 8% decline in total sales in July 2024
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Ashok Leyland is currently trading at Rs. 250.75, up by 0.80 points or 0.32% from its previous closing of Rs. 249.95 on the BSE.
The scrip opened at Rs. 242.45 and has touched a high and low of Rs. 251.75 and Rs. 242.45 respectively. So far 325715 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 258.95 on 31-Jul-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. 258.95 and Rs. 235.00 respectively. The current market cap of the company is Rs. 73674.96 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 8 per cent decline in total sales at 13,928 units in July 2024 as compared to 15,068 units in the same month last year. Domestic sales were down 9 per cent at 12,926 units as against 14,207 units in July 2023.
Sales of medium and heavy commercial vehicles in the domestic market were at 7,685 units as against 8,974 units in the year-ago period, down 14 per cent. Light commercial vehicle sales in the domestic market last month were flat at 5,241 units as against 5,233 units in the year-ago period.
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.
