Ashok Leyland gains after January sales jump 30%

Total sales in January 2016 surged 30% to 13,886 units against 10,643 units in January 2015

Shares of Ashok Leyland were up 3% at Rs 92 on the Bombay Stock Exchange after the company recorded a 30% growth in January 2016 sales to 13,886 units against 10,643 units in the same month last year.

In the M&HCV (medium and heavy commercial) segment, sales surged 40% to 11,208 units from 8,009 units, while LCV (light commercial vehicles) sales were up by 2% to 2,678 units in January 2016 from 2,634 units, in January 2015.

Further, total sales in the 10-month period from April 2014 to January 2015 jumped by 36% to 1,10,349 units from 81,386 units in the same period last fiscal.

The stock opened at Rs 89.50 and touched a high of Rs 92.20. At 2:30pm, over 9.85 million shares were traded on both the stock exchanges.