Ashok Leyland falls 4% as November auto sales decline
The stock dipped 4% to Rs 107 on the BSE, close to its 52-week low of Rs 103 after the commercial vehicle major registered a 9% decline in auto sales in November.
 "Ashok Leyland")
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Ashok Leyland logo (Photo: @ALIndiaOfficial)
Shares of Ashok Leyland skid 4% to Rs 107 apiece on the BSE after the commercial vehicle maker registered a 9% decline in auto sales in November.
Total sales of Light Commercial Vehicle (LCV) and Medium and Heavy Commercial Vehicle (M&HCV) stood at 13,121 units in the month of November. The company had sold 14,457 units in the same month last year.
M&HCV sales declined 18% to 8,718 units as compared to 10,638 units, a year ago. LCV sales, however, increased 15% to 4,403 units.
Between April and November, total sales rose by 26% to 122,357 units. In the same period last year, total sales were at 96,888 units.
At 10:05 am; Ashok Leyland was trading at Rs 108 on the BSE, as compared to 0.49% rise in the S&P BSE Sensex. The stock quoting close to its 52-week low of Rs 103 touched on October 5, 2018, in intra-day trade. A combined 12.16 million equity shares changed hands on the counter on the BSE and NSE so far.
Total sales of Light Commercial Vehicle (LCV) and Medium and Heavy Commercial Vehicle (M&HCV) stood at 13,121 units in the month of November. The company had sold 14,457 units in the same month last year.
M&HCV sales declined 18% to 8,718 units as compared to 10,638 units, a year ago. LCV sales, however, increased 15% to 4,403 units.
Between April and November, total sales rose by 26% to 122,357 units. In the same period last year, total sales were at 96,888 units.
At 10:05 am; Ashok Leyland was trading at Rs 108 on the BSE, as compared to 0.49% rise in the S&P BSE Sensex. The stock quoting close to its 52-week low of Rs 103 touched on October 5, 2018, in intra-day trade. A combined 12.16 million equity shares changed hands on the counter on the BSE and NSE so far.