Wednesday, 18 July 2018

Ashok Leyland hits over 5-month low; stock slips 8%

The stock down 8% to Rs 119, hit its lowest level since February 2, 2018 on the BSE, in intra-day trade. Shares of Ashok Leyland hit an over five-month low of Rs 119 per share, down 8% on the BSE, in otherwise firm market despite the company reporting a better than expected net profit for the quarter ended June 2018 (Q1FY19). Ashok Leyland, which is currently trading at its lowest level since February 2, 2018, has fallen 29% from its 52-week high of Rs 168 touched on May 8, 2018. The stock recorded a 52-week low of Rs 98.80 on August 11, 2017 in intra-day trade.


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