Ashok Leyland slips after weak sales in December

Ashok Leyland fell 1.56% to Rs 100.95 at 11:00 IST on BSE after total sales fell 20% to 15,493 units in December 2018 over December 2017.

The announcement was made during trading hours today, 2 January 2019.

Meanwhile, the S&P BSE Sensex was down 61.83 points, or 0.17% to 36,192.74.

On the BSE, 9.23 lakh shares were traded in the counter so far compared with average daily volumes of 10.54 lakh shares in the past two weeks. The stock had hit a high of Rs 102.50 and a low of Rs 100.25 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 97.70 on 10 December 2018.

Ashok Leyland's sales of light commercial vehicles (LCV) rose 27% to 4,198 units, while sales of medium & heavy commercial vehicles (M&HCV) fell 29% to 11,295 units in December 2018 over December 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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