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Ashok Leyland rides high despite reporting 4% fall in May sales

03 Jun 2019 Evaluate

Ashok Leyland is currently trading at Rs. 91.55, up by 2.65 points or 2.98% from its previous closing of Rs. 88.90 on the BSE.

The scrip opened at Rs. 89.50 and has touched a high and low of Rs. 92.15 and Rs. 87.90 respectively. So far 1958283 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 152.00 on 01-Jun-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. 93.85 and Rs. 87.80 respectively. The current market cap of the company is Rs. 26830.72 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 fall of 4% in May 2019 sales (Domestic + Exports) to 13172 units, as against 13659 units sold in the same month of last year. The company reported a decline of 14% in its medium and heavy commercial vehicle (M&HCV) products segment to 8946 units in May 2019, as compared to 10421 units sold in May 2018. 

The light commercial vehicle (LCV) segment of the company registered sales of 4226 units in May 2019, a rise of 31%, as compared to 3238 units sold in May 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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