Ashok Leyland drops after large bulk deal

Ashok Leyland lost 4.32% to Rs 15.50 at 14:15 IST on BSE after a block deal of 1.20 crore shares was executed on the counter at Rs 15.60 per share at 11:19 IST on BSE today, 12 November 2013.

Meanwhile, the S&P BSE Sensex was down 90.40 points or 0.44% at 20,400.56

On BSE, 1.32 crore shares were traded in the counter as against average daily volume of 24.71 lakh shares in the past one quarter.

The stock hit a high of Rs 16.20 and a low of Rs 15.45 so far during the day. The stock had hit a 52-week low of Rs 11.82 on 29 August 2013. The stock had hit a 52-week high of Rs 28.70 on 3 December 2012.

The stock underperformed the market over the past one month till 11 November 2013, falling 4.42% compared with the Sensex's 0.18% fall. The scrip, however, outperformed the market in past one quarter, rising 23.57% as against Sensex's 9.06% rise.

The mid-cap company has equity capital of Rs 266.07 crore. Face value per share is Re 1.

Ashok Leyland reported a net loss of Rs 25.05 crore in Q2 September 2013 compared with net profit of Rs 142.60 crore in Q2 September 2012. Total income declined 21.6% to Rs 2621.06 crore in Q2 September 2013 over Q2 September 2012.

Ashok Leyland, the flagship of the Hinduja Group, is the second largest maker of commercial vehicles in India after Tata Motors.

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