Ashok Leyland jumps on robust Sep sales

Total sales during September 2014 rose 27% to 27% to 9,193 units compared to 7,232 units in Sep 2013

Shares of Ashok Leyland were up over 3% at Rs 43.40 after the company reported robust sales growth in heavy and commerical vehicle sales during September 2014.

Total sales in September 2014 rose 27% to 9,193 units compared to 7,232 units sold in the corresponding month last year, the company said in a release.

Medium and Heavy Commercial Vehicle sales in September 2014 surged 40% to 6,621 units from 4,715 units in September 2013.

Further, sale of Light Commercial Vehicles inched up 2% to 2,572 units compared with 2,517 units in September last year.

The stock opened at Rs 42.25 and touched a high of Rs 44 as of now. Over 9.8 million shares were traded on both the stock exchanges so far.