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Ashok Leyland dips on reporting 28% fall in July sales

Ashok Leyland is currently trading at Rs. 61.30, down by 7.65 points or 11.09% from its previous closing of Rs. 68.95 on the BSE.

The scrip opened at Rs. 68.30 and has touched a high and low of Rs. 68.60 and Rs. 60.85 respectively. So far 2447569 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 135.10 on 03-Sep-2018 and a 52 week low of Rs. 60.85 on 02-Aug-2019.

Last one week high and low of the scrip stood at Rs. 74.40 and Rs. 60.85 respectively. The current market cap of the company is Rs. 18875.44 crore.

The promoters holding in the company stood at 51.12%, while Institutions and Non-Institutions held 29.75% and 19.13% respectively.

Ashok Leyland has reported a fall of 28% in July 2019 sales (Domestic + Exports) to 10927 units, as against 15199 units sold in the same month of last year. The company reported a decline of 39% in its medium and heavy commercial vehicle (M&HCV) products segment to 6722 units in July 2019, as compared to 10996 units sold in July 2018.

The light commercial vehicle (LCV) segment of the company registered sales of 4205 units in July 2019, a rise of 0.05%, as compared to 4203 units sold in July 2018.

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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