Ashok Leyland fell 2.01% to Rs 70.55 at 9:19 IST on BSE after net profit fell 36.71% to Rs 229.97 crore on 46.6% growth in total income to Rs 4542.95 crore in Q4 March 2015 over Q4 March 2014.
The Q4 result was announced after market hours yesterday, 12 May 2015.
Meanwhile, the S&P BSE Sensex was up 290.36 points or 1.08% at 27,167.84.
On BSE, so far 6.68 lakh shares were traded in the counter as against average daily volume of 22.48 lakh shares in the past two weeks.
The stock hit a high of Rs 72.80 and a low of Rs 68.75 so far during the day. The stock had hit a record high of Rs 77 on 15 April 2015. The stock had hit a 52-week low of Rs 25.10 on 15 May 2014.
Ashok Leyland is the second largest manufacturer of commercial vehicles in India, the 4th largest manufacturer of buses in the world and the 16th largest manufacturer of trucks globally.
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