Ashok Leyland skids
By
Research Desk
about 11 years ago
Ashok Leyland hit a new 52-week low today at Rs.12.55 but found some buyers at this level and has since then recovered marginally , climbing up just into the green at Rs.12.82. The company’s market cap today stands at Rs.3408 crore.
The stock hit a new low after the company announced dismal falling vehicle sales for July. Sales of Dost declined 12% to 2,480 units against 2,803 units in July last year and total sales declined 11% to 8,739 vehicles (9,785 units). Its commercial vehicle sales during July 2013 fell 10% to 6,259 units compared with 6,982 units in July 2012.