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Ashok Leyland surges on reporting 7% rise in April sales

02 May 2019 Evaluate

Ashok Leyland is currently trading at Rs. 89.90, up by 3.20 points or 3.69% from its previous closing of Rs. 86.70 on the BSE.

The scrip opened at Rs. 87.20 and has touched a high and low of Rs. 90.20 and Rs. 85.80 respectively. So far 759034 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 167.50 on 08-May-2018 and a 52 week low of Rs. 77.50 on 18-Feb-2019.

Last one week high and low of the scrip stood at Rs. 92.45 and Rs. 85.40 respectively. The current market cap of the company is Rs. 25465.70 crore.

The promoters holding in the company stood at 51.12%, while Institutions and Non-Institutions held 29.14% and 19.74% respectively.

Ashok Leyland has reported a rise of 7% in April 2019 sales (Domestic + Exports) to 13626 units, as against 12677 units sold in the same month of last year. The company reported an increase of 4% in its medium and heavy commercial vehicle (M&HCV) products segment to 9346 units in April 2019, as compared to 8968 units sold in April 2018.

The light commercial vehicle (LCV) segment of the company registered sales of 4280 units in April 2019, a rise of 15%, as compared to 3709 units sold in April 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.

Peers
Company Name CMP
Tata Motors 428.15
Ashok Leyland 149.35
Force Motors 16950.00
Olectra Greentech 1083.65
SML Mahindra 6087.35
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