Ashok Leyland hits over 2-year high on July sales data; up 18% in 4 days

The company reported an 81 per cent year-on-year growth in total sales to 8,650 units in July 2021

Shares of Ashok Leyland hit an over two-year high of Rs 143.25 as they gained 6 per cent in intra-day trade on Tuesday after the company reported an 81 per cent year-on-year (YoY) jump in total sales to 8,650 units in July 2021. It had sold 4,776 units in the same month last year. On a sequential basis, Ashok Leyland's total sales surged 34.15 per cent during the month from 6,448 units sold in June 2021.

The stock of Hinduja Group company was trading higher for the fourth straight day, having rallied 18 per cent during the period. The market price