Ashok Leyland gains 2% on good Q2 nos

Auto major Ashok Leyland today rose nearly two per cent on the Bombay Stock Exchange, a day after the company reported 88.54 per cent jump in its net profit at Rs 167.05 crore, for the quarter ended September 30.

The company had posted a net profit of Rs 88.6 crore in the same quarter a year ago.

Share price of the Hinduja flagship company went up by 1.98 per cent to Rs 77 during the morning session on the BSE.

A similar trend was witnessed on the National Stock Exchange, where the scrip was trading 1.26 per cent higher at Rs 76.45.

On the volume front, over 24.01 shares of the company were traded during the early hours at the bourses.

Besides Ashok Leyland, other heavyweights in auto index that were quoting in the positive terrain included Tata Motors (1.31 per cent), Hero Honda (1.11 per cent) and Maruti Suzuki (0.42 per cent).

Meanwhile, the 30-share benchmark Sensex was trading at 19,994.16, up 122.01 points from previous close.