Thursday, 1 February 2018

Ashok Leyland sees 22% volume growth in January2018 | Trade Nivesh

Ashok Leyland Limited (ALL) reported strong 22% sales volume growth for the month of January 2018. Total sales were 18,101 units in January 2018 vs. 14,872 units in January 2017.
Among its sub-segments, M&HCV (Medium and Heavy Commercial Vehicles) saw 13% yoy growth. 13,643 units were sold in January 2018 against 12,056 units in January 2017. LCV (Light Commercial Vehicles) sales during January 2018 was 4,458 units against 2,816 units in January 2017, growth of 58% yoy.
ALL is the third largest manufacturer of commercial vehicles (trucks, buses, tippers, trailers and defence vehicles) in India with ~18% market share. The company is also engaged in the manufacturing and selling of engines for industrial and marine applications, spare parts and special alloy castings. ALL has a combined capacity of 1,50,000 vehicles across six manufacturing facilities — three in Tamil Nadu, and one each in Maharashtra, Rajasthan and Uttarakhand.
Ashok Leyland Ltd is currently trading at Rs124.2, down by Rs1.75 or 1.39% from its previous closing of Rs125.95 on the BSE.
The scrip opened at Rs127.85 and has touched a high and low of Rs127.85 and Rs116.45 respectively. So far 1,75,90,282(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs36,866.88cr.

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