New Delhi: Indian automobile manufacturing corporation Ashok Leyland grew 4.62% to Rs 112 on BSE following total sales grew 25% to 13,634 units in August 2017 to similar period a year before. The declaration was made throughout trading hours on Friday.
For now the S&P BSE Sensex rose 131.81 points, or 0.42% to 31,862.30. On BSE, 12.22 lakh shares were deal in the contradict contrast with average every day volumes of 14.96 lakh shares in the precedent one quarter. The stock hit an elevated of Rs 113 and a low down of Rs 107.40 throughout the day. The stock hit high of Rs 114.25 on 8 August 2017.
The stock hit a 52-week low of Rs 73.60 on 22 November 2016. The stock had failed to meet expectations the market in the course of the last one month till 31 August 2017, falling 1.88% contrasted and 2.30% decrease in the Sensex.
The scrip had likewise beated the market in past one quarter, rising 15.29% as against Sensex’s 1.46% ascent. The scrip had likewise outflanked the market in recent year, rising 27.74% as against Sensex’s 11.63% ascent.
Ashok Leyland’s offers of light business vehicles (LCV) grew 14% to 3,067 units in August 2017 to similar period previous year. Offers of medium and substantial business vehicles (M&HCV) grew 29% to 10,567 units in August 2017 over August 2016.