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Ashok Leyland slips after muted sales growth in November

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fell 2.45% to Rs 77.60 at 14:36 on after the company said its total sales grew 7% to 9,574 units in November 2016 over November 2015.

The announcement was made during trading hours today, 1 December 2016.

Meanwhile, the Sensex was down 51.52 points, or 0.19%, to 26,601.29.

On BSE, so far 20.80 lakh shares were traded in the counter, compared with average daily volume of 12.70 lakh shares in the past one quarter. The stock hit a high of Rs 80 and a low of Rs 77.35 so far during the day. The stock hit a 52-week high of Rs 112.80 on 13 April 2016. The stock hit a 52-week low of Rs 73.60 on 22 November 2016. The stock had underperformed the market over the past 30 days till 30 November 2016, falling 11.71% compared with the 4.39% decline in the Sensex. The scrip had, however, outperformed the market in past one quarter, falling 5.07% as against Sensex's 6.23% decline.

The large-cap company has equity capital of Rs 284.59 crore. Face value per share is Re 1.

Ashok Leyland's sales of light commercial vehicles (LCV) fell 1% to 2,646 units in November 2016 over November 2015. Sales of medium & heavy commercial vehicles (M&HCV) rose 10% to 6,928 units in November 2016 over November 2015.

Ashok Leyland's net profit jumped 71% to Rs 294.41 crore on 7.7% drop in net sales to Rs 4503.17 crore in Q2 September 2016 over Q2 September 2015.

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: Thu, December 01 2016. 14:30 IST