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Ashok Leyland gains despite reporting 22% fall in November sales

Ashok Leyland gains despite reporting 22% fall in November sales

Ashok Leyland is currently trading at Rs. 79.45, up by 0.35 points or 0.44% from its previous closing of Rs. 79.10 on the BSE.

The scrip opened at Rs. 79.10 and has touched a high and low of Rs. 79.65 and Rs. 77.55 respectively. So far 1143438 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 113.00 on 03-Dec-2018 and a 52 week low of Rs. 56.95 on 23-Aug-2019.

Last one week high and low of the scrip stood at Rs. 84.50 and Rs. 77.55 respectively. The current market cap of the company is Rs. 23029.21 crore.

The promoters holding in the company stood at 51.12%, while Institutions and Non-Institutions held 30.02% and 18.78% respectively.

Ashok Leyland has reported a fall of 22% in November 2019 sales (Domestic + Exports) to 10175 units, as against 13119 units sold in the same month of last year. The company reported a decline of 32% in its medium and heavy commercial vehicle (M&HCV) products segment to 5966 units in November 2019, as compared to 8716 units sold in November 2018.

The light commercial vehicle (LCV) segment of the company registered sales of 4209 units in November 2019, a fall of 4%, as compared to 4403 units sold in November 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.