Ashok Leyland Ltd is up for a third straight session in a row. The stock is quoting at Rs 72.75, up 1.54% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.23% on the day, quoting at 11490.8. The Sensex is at 38737, up 0.36%. Ashok Leyland Ltd has added around 21.96% in last one month.

Meanwhile, Nifty Auto index of which Ashok Leyland Ltd is a constituent, has added around 10.2% in last one month and is currently quoting at 7673.8, up 0.7% on the day. The volume in the stock stood at 163.25 lakh shares today, compared to the daily average of 463.12 lakh shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 73.15, up 1.88% on the day. Ashok Leyland Ltd is down 35.33% in last one year as compared to a 11.52% gain in NIFTY and a 11.08% gain in the Nifty Auto index.

The PE of the stock is 11.43 based on TTM earnings ending June 19.

Powered by Capital Market - Live News

Ashok Leyland announced that to align its production with the sales, the Company's plants at various locations will be observing non-working days ranging from 2-15 days, during the month of October 2019.

Powered by Capital Market - Live News

Total medium and heavy commercial vehicles (M&HCV) sales declined 67% to 4,744 units in September 2019 over September 2018.

Total domestic sales fell 57% to 7,851 units while the domestic M&HCV sales declined 69% to 4,035 units in September 2019 over September 2018.

Total vehicle sales fell 5.80% to 8,780 units in September 2019 as against 9,231 units in August 2019.

Meanwhile, the S&P BSE Sensex was down 10 points or 0.03% to 38,657.23.

On the BSE, 19.67 lakh shares were traded in the counter so far compared with average daily volumes of 38.25 lakh shares in the past two weeks. The stock hit a high of Rs 69.75 and a low of Rs 66.15 so far during the day.

The stock hit a 52-week high of Rs 123 on 17 Oct 2018. The stock hit a 52-week low of Rs 56.95 on 23 Aug 2019.

On a consolidated basis, the auto company's net profit declined by 40.6% to Rs 248.84 crore on a 7.5% reduction in net sales to Rs 6514.73 crore in Q1 June 2019 over Q1 June 2018.

Ashok Leyland, flagship of the Hinduja group, is the 2nd largest manufacturer of commercial vehicles in India, the 4th largest manufacturer of buses in the world, and the 10th largest manufacturers of trucks.

Powered by Capital Market - Live News

The stock fell 3.45% in two trading sessions to settle at Rs 64.45 on Friday, 30 August 2019, from its close of Rs 66.75 on 28 August 2019.

The auto makers' total sales fell 15.52% to 9231 units in August 2019 as against sales of 10,927 units in July 2019. Total vehicle sales declined 47% in August 2019 compared with 17,386 units in August 2018.

Meanwhile, the company informed that it has become the first lndian commercial vehicle maker to get BS-VI certification for its full range of heavy duty trucks.

On the BSE, 22.90 lakh shares were traded in the counter so far compared with average daily volumes of 21.70 lakh shares in the past two weeks. The stock hit a high of Rs 66.15 and a low of Rs 61.85 so far during the day.

The stock hit a 52-week high of Rs 135.1 on 03 Sep 2018. The stock hit a 52-week low of Rs 56.95 on 23 Aug 2019.

On a consolidated basis, the auto makers' net profit declined by 40.6% to Rs 248.84 crore on a 7.5% fall in the net sales to Rs 6514.73 crore in Q1 June 2019 over Q1 June 2019.

Ashok Leyland, flagship of the Hinduja group, is the 2nd largest manufacturer of commercial vehicles in India, the 4th largest manufacturer of buses in the world, and the 10th largest manufacturers of trucks.

Powered by Capital Market - Live News