Ashok Leyland moved up 2.20% to Rs 32.55 at 10:25 IST on BSE after the company posted 11.3% growth in sales to 6202 units in July 2008 over July 2007.
The stock hit a high of Rs 33.05 and a low of Rs 32 so far during the day. The stock had hit a 52-week high of Rs 57.90 on 8 January 2008 and a 52-week low of Rs 25.80 on 22 July 2008.
The company has an equity capital of Rs 133.03 crore. Face value per share is Rs 1.
The current price of Rs 32.55 discounts its Q1 June 2008 annualised EPS of Rs 1.52, by a PE multiple of 21.41.
Ashok Leyland (ALL)’s export sales jumped 29.6% to 700 units in July 2008 over July 2007. Domestic sales rose 9.3% to 5502 units in July 2008 over July 2007.
In May 2008, Ashok Leyland signed agreement with Nissan Motor Company, Japan for setting up three joint venture firms for light commercial vehicles business in India with an aggregate investment of around Rs 2300 crore.
ALL’s net profit fell 42.7% to Rs 50.57 crore on 16.2% growth in net sales to Rs 1883.86 crore in Q1 June 2008 over Q1 June 2007.
Ashok Leyland manufactures commercial vehicles and spare parts. The company also manufactures special vehicles and engines for industrial, genset, marine requirements and automobile spare parts. The company operates only in India.
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