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Ashok Leyland gains despite reporting 21% fall in April sales

06 May 2014 Evaluate

Ashok Leyland is currently trading at Rs 22.45, up by 0.10 points or 0.45% from its previous closing of Rs 22.35 on the BSE.

The scrip opened at Rs 22.40 and has touched a high and low of Rs 22.60 and Rs 22.30 respectively. So far 180711 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 25.20 on 11-Apr-2014 and a 52 week low of Rs. 11.82 on 29-Aug-2013.

Last one week high and low of the scrip stood at Rs 23.45 and Rs 21.80 respectively. The current market cap of the company is Rs 5959.92 crore.

The promoters holding in the company stood at 41.52% while Institutions and Non-Institutions held 26.02% and 19.23% respectively.

Ashok Leyland, the Hinduja Group flagship company in India, has reported a drop of 21% in April sales at 5,897 vehicles, as against 7,487 sold in same month year ago. In April 2014, the sales of its Large Commercial Vehicle (LCV) products witnessed a fall of 39% to 1,374 units from 2,236 units sold in the same month of last year.

The sales of its overall Medium & Heavy Commercial Vehicle (M&HCV) witnessed 14% fall to 4,523 units from 5,251 units sold in the same month of last year.

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.

Peers
Company Name CMP
Tata Motors 433.30
Ashok Leyland 153.70
Force Motors 17088.00
Olectra Greentech 1103.00
SML Mahindra 6131.20
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