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Ashok Leyland declines on registering 9% fall in May sales

03 Jun 2014 Evaluate

Ashok Leyland is currently trading at Rs 32.65, down by 0.20 points or 0.61 % from its previous closing of Rs. 32.85 on the BSE.

The scrip opened at Rs 32.85 and has touched a high and low of Rs 33.10 and Rs 32.45 respectively. So far 284516 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 35.75 on 26-May-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 33.40 and Rs 30.50 respectively. The current market cap of the company is Rs 8740.32 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 9% in May sales at 6,632 vehicles, as against 7,267 sold in same month year ago. In May 2014, the sales of its Large Commercial Vehicle (LCV) products witnessed a fall of 25% to 1,748 units from 2,335 units sold in the same month of last year.

The sales of its overall Medium & Heavy Commercial Vehicle (M&HCV) witnessed 1% fall to 4,884 units from 4,932 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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