Ashok Leyland gains despite reporting 47% fall in August sales

03 Sep 2019

Ashok Leyland is currently trading at Rs. 65.05, up by 0.60 points or 0.93% from its previous closing of Rs. 64.45 on the BSE.

The scrip opened at Rs. 63.90 and has touched a high and low of Rs. 65.35 and Rs. 61.85 respectively. So far 1053744 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 135.10 on 03-Sep-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. 68.05 and Rs. 59.65 respectively. The current market cap of the company is Rs. 18860.76 crore.

The promoters holding in the company stood at 51.12%, while Institutions and Non-Institutions held 29.75% and 19.13% respectively.

Ashok Leyland has reported a fall of 47% in August 2019 sales (Domestic + Exports) to 9231 units, as against 17,386 units sold in the same month of last year. The company reported a decline of 59% in its medium and heavy commercial vehicle (M&HCV) products segment to 5349 units in August 2019, as compared to 13,158 units sold in August 2018.

The light commercial vehicle (LCV) segment of the company registered sales of 3882 units in August 2019, a fall of 8%, as compared to 4228 units sold in August 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.

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Ashok Leyland Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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