Ashok Leyland gains on Dec sales jump

Ashok Leyland ended the day at Rs 53, higher by Rs 0.6 or 1.2%.
 
The counter saw total trades of over 10.99 lakh shares on the BSE as against he two-week average of 13.20 lakh shares.

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(Updated at 0928 am)

Ashok Leyland has gained in morning trades on a jump in December net sales.

The stock opend at Rs 54 and jumped to a high of Rs 54.80 - up 4%. It is now trading with a gain of 2% at Rs 53.85.

The counter has seen trades of over 3.48 lakh shares on the BSE.

The company's net sales for the month of December has zoomed 164%, compared to the same period a year ago.

 

The company sold 6,099 units in December 2009 compared to 2,307 units in the same month of the previous year, an increase of 164%. However, the company's exports dipped to 563 units as against 901 units in December 2008.