Ashok Leyland races ahead after jump in November sales

Ashok Leyland rose 3.14% to Rs 121.65 at 12:50 IST on BSE after the company reported a 51% jump in its total sales at 14,460 units in November 2017 over November 2016.

The announcement was made during market hours today, 1 December 2017.

Meanwhile, the S&P BSE Sensex was down 31.98 points or 0.1% at 33,117.37.

On the BSE, 7.64 lakh shares were traded on the counter so far as against the average daily volumes of 9.94 lakh shares in the past two weeks. The stock had hit a high of Rs 123.20 and a low of Rs 119.85 so far during the day. The stock had hit a 52-week high of Rs 133 on 26 October 2017 and a 52-week low of Rs 74.40 on 2 December 2016.

Ashok Leyland's sales of medium & heavy commercial vehicles (M&HCV) spurted 54% to 10,641 units in November 2017 over November 2016. During the same period, sales of light commercial vehicles (LCVs) jumped 44% to 3,819 units.

Ashok Leyland's net profit rose 14% to Rs 334.26 crore on 31% growth in revenue to Rs 6046.89 crore in Q2 September 2017 over Q2 September 2016.

Ashok Leyland is one of the leading manufacturers of medium and heavy commercial vehicles in India.

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