Ashok Leyland jumps 3% after Dec sales rises 31%

The company reported December total sales rise 31% yoy to 12,209 units while M&HCV sales were up 35% yoy at 9,758 units. This included growth of 35% in sales of M&HCVs and 18% growth in LCVs to 9,758 units and 2,451 units respectively.

Ashok Leyland jumped 3% to Rs.91.65 on BSE. The company's December total sales rose 31% yoy to 12,209 units while M&HCV sales were up 35% yoy at 9,758 units. This included growth of 35% in sales of M&HCVs and 18% growth in LCVs to 9,758 units and 2,451 units respectively. For the period April to December 2015, total sales grew 36% to 96,518 units over the corresponding period of previous year.

The scrip opened at Rs. 90.2 and has touched a high and low of Rs. 91.95 and Rs. 90.2 respectively. So far 3105129(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 25257.16 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 99.65 on 30-Nov-2015 and a 52 week low of Rs. 51.1 on 01-Jan-2015. Last one week high and low of the scrip stood at Rs. 90.5 and Rs. 87.65 respectively.

The promoters holding in the company stood at 38.82 % while Institutions and Non-Institutions held 31.69 % and 17.11 % respectively.

The stock is currently trading below its 50 DMA.