Ashok Leyland zooms 3.7% on strong April sales
According to the Hinduja Group company, it reported a nine per cent rise in domestic sales to 13,446 units in April 2024 compared to 12,366 units in April 2023.
Shares of Ashok Leyland surged 3.71 per cent on BSE on Thursday (May 2, 2024) after the commercial vehicle major reported above-Zee Business research estimate sales figures for April month.
As of May 2, 2024, 12:47 pm, the stock price rose to Rs 199.70, marking a gain on the back of positive sales data.
On Thursday, the Chennai-headquartered company unveiled its April sales numbers, which showed a 10 per cent increase in total wholesale units to 14,271 Year-on-Year (YoY).
According to the Hinduja Group company, it reported a nine per cent rise in domestic sales to 13,446 units in April 2024 compared to 12,366 units in April 2023.
The growth was driven by a strong performance in the medium and heavy commercial vehicle (M&HCV) segment, with sales surging 16 per cent to 8,611 units against 7,422 units in the year-ago period.
However, light commercial vehicle (LCV) sales witnessed a decline of 2 per cent, slipping to 4,835 units from 4,944 units sold in April 2023.
For all other news related to business, politics, tech and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Top 7 SIP Mutual Funds in 1 Year: What Rs 10,000, Rs 15,000, and Rs 20,000 SIPs have given in each fund
Special Live Trading Session on Saturday: Know why BSE, NSE will remain open on May 18; check timings
If you make RDs of Rs 5,000, Rs 10,000, Rs 15,000, and Rs 20,000 in post office, what will be your maturity amount?
Top 10 Mid-cap Stocks to Invest: Motilal Oswal picks Indian Hotels, Godrej Properties, and more; know target price
Atal Pension Yojana EPFO National Pension System SWP Retirement Planning schemes provide pension every month
Gold and Silver rate today (May 16, 2024): Yellow metal futures subdued; white metal hits record high breaches Rs 87,000 mark
01:35 PM IST