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Ashok Leyland gains after winning contract

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rose 1.26% to Rs 104.60 at 11:44 on after the company said it received an order worth over Rs 120 crore from a domestic logistics company.

The announcement was made during trading hours today, 11 August 2017.

Meanwhile, the S&P Sensex was down 210.80 points, or 0.67% to 31,320.53.

On the BSE, 8.67 lakh shares were traded in the counter so far, compared with average daily volumes of 16.93 lakh shares in the past one quarter. The stock had hit a high of Rs 105.45 and a low of Rs 98.80 so far during the day. The stock hit a record high of Rs 114.25 on 8 August 2017. The stock hit a 52-week low of Rs 73.60 on 22 November 2016.

The stock had underperformed the market over the past one month till 10 August 2017, falling 2.91% compared with 0.86% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 20.75% as against Sensex's 4.45% rise. The scrip had also outperformed the market in past one year, rising 18.33% as against Sensex's 13.18% rise.

The large-cap company has equity capital of Rs 292.65 crore. Face value per share is Re 1.

will supply 500 fully-built trucks to Rivigo, India's fastest growing logistics company.

Ashok Leyland's net profit fell 61.7% to Rs 111.23 crore on 0.5% decline in net sales to Rs 4237.78 crore in Q1 June 2017 over Q1 June 2016.

is one of the leading manufacturers of medium and heavy commercial vehicles in India.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, August 11 2017. 11:46 IST
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