Ashok Leyland in top gear after good monthly sales

Ashok Leyland jumped 4.16% to Rs 97.75 at 09:46 IST on BSE after the company's total sales rose 11% to 12,330 units in June 2017 over June 2016.The announcement was made during trading hours today, 3 July 2017. Meanwhile, the S&P BSE Sensex was up 111.20 points, or 0.36%, to 31,032.81 On BSE, 10.38 lakh shares were traded on the counter so far as against the average daily volumes of 15.85 lakh shares in the past one quarter. The stock hit a high of Rs 98.50 and a low of Rs 93.50 so far during the day. The stock hit a 52-week high of Rs 100.55 on 1 July 2016. The stock hit a 52-week low of Rs 73.60 on 22 November 2016. The large-cap company has equity capital of Rs 292.65 crore. Face value per share is Re 1. Commodity Trading Tips

Ashok Leyland's sales of light commercial vehicles (LCV) rose 29% to 3,128 units in June 2017 over June 2016. Sales of medium & heavy commercial vehicles (M&HCV) rose 6% to 9,202 units in June 2017 over June 2016. Ashok Leyland reported net profit of Rs 476.17 crore in Q4 March 2017 as compared with net loss of Rs 140.81 crore in Q4 March 2016. Net sales rose 10.79% to Rs 6617.89 crore in Q4 March 2017 over Q4 March 2016. Ashok Leyland is one of the leading manufacturers of medium and heavy commercial vehicles in India. Astrology and Numerology Trading Tips