Ashok Leyland dips on disappointing May sales
The stock was down 4% at Rs 105, falling 6.2% from intra-day high on the BSE.
 "Ashok Leyland dips on disappointing May sales")
Ashok Leyland was trading 4% lower at Rs 105, falling 6.2% from intra-day high on the BSE, after the commerical vehicles major reported single digit growth in total sales for the month of May 2016.
“Total sales of the company rose by 6% in May 2016 to 9,875 units from 9,290 units in a year ago month,” Ashok Leyland said in a press release. The growth rate is lowest since July 2014, when the company recorded 10% year on year decline in total sales.
The company’s medium & heavy commercial vehicles (M&HCV) sales grew by 8% in May to 7,469 units from 6,888 units, a year ago. Light commercial vehicle (LCV) sales remained unchanged at 2,406 units as against 2,402 units, a year ago, it added.
On cumulative basis, during April to May 2016, the company's total sales rose by 13% to 20,057 units from 17,725 units during the same period last year.
The stock hit an intra-day high of Rs 112 on the BSE, before the announcement of May sales figures. The trading volumes on the counter nearly doubled with a combined 25.03 million shares changed hands on the BSE and NSE.
“Total sales of the company rose by 6% in May 2016 to 9,875 units from 9,290 units in a year ago month,” Ashok Leyland said in a press release. The growth rate is lowest since July 2014, when the company recorded 10% year on year decline in total sales.
The company’s medium & heavy commercial vehicles (M&HCV) sales grew by 8% in May to 7,469 units from 6,888 units, a year ago. Light commercial vehicle (LCV) sales remained unchanged at 2,406 units as against 2,402 units, a year ago, it added.
On cumulative basis, during April to May 2016, the company's total sales rose by 13% to 20,057 units from 17,725 units during the same period last year.
The stock hit an intra-day high of Rs 112 on the BSE, before the announcement of May sales figures. The trading volumes on the counter nearly doubled with a combined 25.03 million shares changed hands on the BSE and NSE.
| Month | Total sales | % chg |
| May '2016 | 9,875 | 6.3 |
| Apr '2016 | 10,182 | 21.1 |
| Mar '2016 | 16,702 | 31.1 |
| Feb '2016 | 13,406 | 24.9 |
| Jan '2016 | 13,884 | 30.8 |
| Dec '2015 | 12,154 | 30.8 |
| Nov '2015 | 8,971 | 16.2 |
| Oct '2015 | 9,808 | 16.9 |
| Sep '2015 | 14,778 | 60.6 |
| Aug '2015 | 11,548 | 37.9 |
| Jul '2015 | 11,022 | 40.9 |
| Jun '2015 | 10,357 | 39.7 |
| May '2015 | 9,290 | 40.1 |
| Apr '2015 | 8,409 | 43.4 |
| Mar '2015 | 12,744 | 24.4 |
| Feb '2015 | 10,737 | 36.4 |
| Jan '2015 | 10,612 | 36.3 |
| Dec '2014 | 9,290 | 48.0 |
| Nov '2014 | 7,723 | 46.7 |
| Oct '2014 | 8,387 | 31.0 |
| Sep '2014 | 9,200 | 27.2 |
| Aug '2014 | 8,372 | 17.3 |
| Jul '2014 | 7,821 | -10.2 |
| * % change on year-on-year | ||
| Source: SIAM | ||
| Data compiled by BS Research | ||