Ashok Leyland slips after weak November sales

Ashok Leyland fell 4.45% to Rs 107.25 at 14:03 IST on BSE after total sales fell 9% to 13,121 units in November 2018 over November 2017.

The announcement was made during trading hours today, 3 December 2018.

Meanwhile, the S&P BSE Sensex was up 24.16 points, or 0.07% to 36,218.46.

On the BSE, 23.17 lakh shares were traded in the counter so far compared with average daily volumes of 23.61 lakh shares in the past two weeks. The stock had hit a high of Rs 113 and a low of Rs 106.60 so far during the day. The stock hit a 52-week high of Rs 167.50 on 8 May 2018. The stock hit a 52-week low of Rs 103.20 on 5 October 2018.

Ashok Leyland's sales of light commercial vehicles rose 15% to 4403 units while sales of medium & heavy commercial vehicles fell 18% to 8718 units in November 2018 over November 2017.

Net profit of Ashok Leyland rose 37.49% to Rs 459.58 crore on 24.58% rise in net sales to Rs 7369.71 crore in Q2 September 2018 over Q2 September 2017.

Ashok Leyland, flagship of the Hinduja group, is a manufacturer of commercial vehicles in India.

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