Ashok Leyland skids on weak sales in May 2013

The sales numbers were announced on Saturday, 1 June 2013.

Meanwhile, the S&P BSE Sensex was down 188.28 points or 0.95% at 19,572.02.

On BSE, 1.83 lakh shares were traded in the counter as against average daily volume of 7.24 lakh shares in the past one quarter.

The stock hit a high of Rs 23.70 and a low of Rs 23.15 so far during the day. The stock had hit a 52-week low of Rs 20.25 on 30 August 2012. The stock had hit a 52-week high of Rs 29 on 13 June 2012.

The stock had outperformed the market over the past one month till 31 May 2013, surging 3.95% compared with the Sensex's 1.31% rise. The scrip had also outperformed the market in past one quarter, jumping 6.76% as against Sensex's 4.77% gain.

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

Ashok Leyland's sales of commercial vehicles excluding small commercial vehicle (SCV) Dost declined 22% at 4,932 units in May 2013 over May 2012. Sales of SCV Dost rose 1% at 2,335 units in May 2013 over May 2012.

Ashok Leyland's net profit fell 42% to Rs 150.03 crore on 14.2% decline in net sales to Rs 3648.41 crore in Q4 March 2013 over Q4 March 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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