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Ashok Leyland hits record high on strong December sales

The stock rallied 6% to Rs 56.50 on BSE after reporting 48% year-on-year jump in sales at 9,290 units in December 2014.

SI Reporter  |  Mumbai 

Shares in has surged 6% to Rs 56.50, also its record high on BSE, after the company reported 48% year-on-year jump in total sales at 9,290 units in December 2014. major had sold 6,275 units during the same month of 2013.

Sales of medium and heavy soared 85% in December 2014 to 7,210 units as against 3,890 units sold during the same month of previous year, said in a statement.

Sales of light commercial vehicles, however, declined 13% to 2,080 units in December 2014 from 2,385 units sold in the same month last year, it added.

The counter has seen huge trading volumes with a combined 8.21 million shares changed hands till 0930 hours on BSE and NSE.

First Published: Mon, January 05 2015. 09:33 IST