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Ashok Leyland sales jump by 14%

At the start of the month, automobile sector companies have started announcing their sales figures for the month of July. Auto stocks have been gaining in Tuesday’s trading session. In BSE Auto index, all the constituents have been trading in the positive territory.

Ashok Leyland has come up with its sales numbers for the month of July. Total sales of the company was up by 14% at 11,981 units in July 2017 on Y-o-Y basis. Light Commercial Vehicles (LCV) segment witnessed an increase in sales by 28% at 2,955 units in July 2017 as compared to 2,310 Units in the same period of last year. Sales of Medium and Heavy Commercial Vehicles (M&HCV) was up by 10% at 9,026 units in July 2017 as compared to 8,182 units on Y-o-Y basis.

BSE Auto index was trading at 24,775 level, up by 312 points or 1.28%. Maruti Suzuki was the top gainer in the index trading at Rs 7,885 per share, up by 2.3%.

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Ashok Leyland Ltd is currently trading at Rs 109.8, up by Rs 0.15 or 0.14% from its previous closing of Rs 109.65 on the BSE.

The scrip opened at Rs 110 and has touched a high and low of Rs 110.9 and Rs 108.8 respectively. So far 9474975(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 32089.46 crore.

The BSE group ‘A’ stock of face value Rs 1 has touched a 52 week high of Rs 110.45 on 31-Jul-2017 and a 52 week low of Rs 73.6 on 22-Nov-2016. Last one week high and low of the scrip stood at Rs 110.45 and Rs 104.2 respectively.

The promoters holding in the company stood at 51.29 % while Institutions and Non-Institutions held 31.72 % and 16.98 % respectively.