Ashok Leyland Soars Over 5% On Strong Sales In June, Close To 52 Week High

The share price of Ashok Leyland, India’s leading manufacturer of medium and heavy commercial vehicles, soared nearly 5.2 percent, the highest in a month, to Rs 98.60 on the back of the company reporting an 11 percent growth in overall sales for the month of June. The company’s sale of light commercial vehicles (LCV) rose 29 percent to 3,128 units in June 2017 compared to June 2016, while the sale of medium & heavy commercial vehicles (M&HCV) rose 6 percent to 9,202 units in June 2017 in comparison to June 2016.
Ashok Leyland reported in a BSE filing after market hours on 3 July 2017, that it sold 12,330 units in the month of June 2017 compared to 11,108 units in June 2016. In contrast, April and May were poor months for the company. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774