Ashok Leyland rose 1.62% to Rs 18.80 at 9:18 IST on BSE after the company said it has secured an order from the Institute of Road Transport, Tamil Nadu for the supply of 2,610 buses.
The new order was announced after market hours on Friday, 5 July 2013.
Meanwhile, the S&P BSE Sensex was down 151.50 points or 0.78% at 19,344.32.
On BSE, 58,000 shares were traded in the counter as against average daily volume of 3.73 lakh shares in the past one quarter.
The stock hit a high of Rs 19.20 so far during the day. The stock hit a low of Rs 18.35 so far during the day, matching its 52-week low of Rs 18.35 hit on Friday, 5 July 2013. The stock had hit a 52-week high of Rs 28.70 on 3 December 2012.
The stock had underperformed the market over the past one month till 5 July 2013, sliding 22.43% compared with the Sensex's 0.37% fall. The scrip had also underperformed the market in past one quarter, declining 16.67% as against Sensex's 5.67% gain.
The mid-cap commercial vehicle maker has equity capital of Rs 266.07 crore. Face value per share is Re 1.
The Institute of Road Transport (IRT) is a nodal organization that procures buses for all transport corporations in Tamil Nadu.
Ashok Leyland's net profit fell 42% to Rs 150.03 crore on 14.2% decline in net sales to Rs 3648.41 crore in Q4 March 2013 over Q4 March 2012.
Ashok Leyland, the flagship of the Hinduja Group, is the second largest maker of commercial vehicles in India after Tata Motors.
The new order was announced after market hours on Friday, 5 July 2013.
Meanwhile, the S&P BSE Sensex was down 151.50 points or 0.78% at 19,344.32.
On BSE, 58,000 shares were traded in the counter as against average daily volume of 3.73 lakh shares in the past one quarter.
The stock hit a high of Rs 19.20 so far during the day. The stock hit a low of Rs 18.35 so far during the day, matching its 52-week low of Rs 18.35 hit on Friday, 5 July 2013. The stock had hit a 52-week high of Rs 28.70 on 3 December 2012.
The stock had underperformed the market over the past one month till 5 July 2013, sliding 22.43% compared with the Sensex's 0.37% fall. The scrip had also underperformed the market in past one quarter, declining 16.67% as against Sensex's 5.67% gain.
The mid-cap commercial vehicle maker has equity capital of Rs 266.07 crore. Face value per share is Re 1.
The Institute of Road Transport (IRT) is a nodal organization that procures buses for all transport corporations in Tamil Nadu.
Ashok Leyland's net profit fell 42% to Rs 150.03 crore on 14.2% decline in net sales to Rs 3648.41 crore in Q4 March 2013 over Q4 March 2012.
Ashok Leyland, the flagship of the Hinduja Group, is the second largest maker of commercial vehicles in India after Tata Motors.
No comments:
Post a Comment