Ashok Leyland lost 3.47% to Rs 88.95 at 9:21 IST on BSE after net profit rose 137.2% to Rs 287 crore on 53.5% growth in revenue to Rs 4940 crore in Q2 September 2015 over Q2 September 2014.
The result was announced after market hours yesterday, 4 November 2015.
Meanwhile, the S&P BSE Sensex was down 60.47 points or 0.23% at 26,492.45.
On BSE, so far 4.71 lakh shares were traded in the counter as against average daily volume of 16.4 lakh shares in the past two weeks.
The stock hit a high of Rs 91.45 and a low of Rs 88.70 so far during the day. The stock had hit a record high of Rs 99.50 on 18 August 2015. The stock had hit a 52-week low of Rs 43.20 on 17 December 2014.
Ashok Leyland's earnings before interest, taxation, depreciation and amortization (EBITDA) surged 159.38% to Rs 594 crore in Q2 September 2015 over Q2 September 2014.
Ashok Leyland is the second largest manufacturer of commercial vehicles in terms of sales in India.
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