Ashok Leyland hits fresh high ahead of February sales figures

The stock hit a new high of Rs 142 has outperformed the market by surging 13% thus far in February against 5% decline in the S&P BSE Sensex.

Shares of Ashok Leyland hit a fresh high of Rs 142, up 3% on the BSE in intra-day trade in otherwise weak market ahead of February sales figures. The commercial vehicles (CV) maker will announce its monthly sales volumes data on Thursday, March 1, 2018.

The stock has outperformed the market by surging 13% thus far in February, after the company reported good sales numbers for the month of January and more-than-doubled net profit in October-December (Q3FY18) quarter. On comparison, the S&P BSE Sensex trading 0.42% lower at 12 pm; was down 5% during the month.

The CV