Ashok Leyland stock soars over 4% despite decline in sales to 12,518 units in December 2021

3 Jan 2022 , 02:14 PM

Ashok Leyland Limited Monday reported a 2% decline in total commercial vehicle sales to 12,518 units in December 2021. The Hinduja flagship firm had sold 12,760 units in the same month in 2020, Ashok Leyland said in a filing on Monday.

Domestic sales were down 3% at 11,493 units in the month under review, as against 11,855 units in December 2020, it added.

However, medium and heavy commercial vehicle (M&HCV) sales grew 11% at 7,619 compared to 6,882 in December 2020. In the domestic market M&HCV sales were up 9% at 6, 752 units last month compared to 6, 173 units in the year-ago month.

Light commercial vehicle (LMV) sales stood at 4,899 units last month compared to 5,878 units in December 2020, down 17%.

The company stock was bullish on Monday and at around 2.18 pm, Ashok Leyland Ltd is currently trading at Rs127.75 per share up by Rs5.35 or 4.37% from its previous closing of Rs122.40 per share on the BSE.