Ashok Leyland gains after restoring operations at Ennore manufacturing unit

Ashok Leyland rose 0.39% to Rs 90.45 at 9:18 IST on BSE after the company started its regular operations at its Ennore manufacturing unit near Chennai from 7 December 2015.

The announcement was made after market hours yesterday, 7 December 2015.

Meanwhile, the S&P BSE Sensex was down 71.81 points or 0.28% at 25,458.30

On BSE, so far 68,839 shares were traded in the counter as against average daily volume of 15.97 lakh shares in the past one quarter.

The stock hit a high of Rs 90.70 and a low of Rs 90.10 so far during the day. The stock had hit a record high of Rs 99.65 on 30 November 2015. The stock had hit a 52-week low of Rs 43.20 on 17 December 2014.

The large-cap commercial vehicle maker has equity capital of Rs 284.59 crore. Face value per share is Re 1.

It may be recalled that Ashok Leyland had earlier announced stoppage of production activity at its Ennore plant due to heavy rains/floods in Chennai. The company said that it will be able to assess the losses arising from heavy rains and floods only after an assessment is done by the insurance company.

Ashok Leyland's net profit rose 137.6% to Rs 286.81 crore on 54.9% growth in net sales to Rs 4878.81 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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