Ashok Leyland hits record high

Ashok Leyland rose 3.1% to Rs 43.30 at 10:16 IST on BSE after the company said its total sales surged 27% to 9,193 units in September 2014 over September 2013.

The sales numbers were announced on Saturday, 4 October 2014.

Meanwhile, the S&P BSE Sensex was down 108.97 points or 0.41% at 26,459.02.

On BSE, so far 10.74 lakh shares were traded in the counter as agasint average daily volume of 17.34 lakh shares in the past two weeks.

The stock hit a high of Rs 44 so far during the day, which is a record high for the counter. The stock hit a low of Rs 42.25 so far during the day.

Ashok Leyland's sales of medium and heavy commercial vehicle (M&HCV) jumped 40% to 6,621 units in September 2014 over September 2013. Sales of light commerical vehicles (LCV) rose 2% to 2,572 units in September 2014 over September 2013.

Ashok Leyland reported a net loss of Rs 47.95 crore in Q1 June 2014, lower than net loss of Rs 141.75 crore in Q1 June 2013. Net sales rose 5.2% to Rs 2434.62 crore in Q1 June 2014 over Q1 June 2013.

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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