Ashok Leyland shares gain over 3 per cent as Dec sales rise 31.4 per cent
Posted on 4th January 2016 |
.jpg) |
| Ashok Leyland share price gained as much as 3.6 per cent on Monday after the Hinduja Group flagship company on Saturday reported a 31.4 per cent increase in total sales at 12,209 units in December 2015. At 10.34 am, share price of the company was trading 3.15 per cent up at Rs 91.55. The scrip opened at Rs 90.20 and has touched a high and low of Rs 92.00 and Rs 90.20, respectively, in trade so far. Sensex was trading 258.28 points down at 25,902.62. The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 99.65 on 30-Nov-2015 and a 52 week low of Rs. 52.25 on 01-Jan-2015. Last one week high and low of the company’s scrip stood at Rs 91.95 and Rs 87.65 respectively. The current market cap of the company is Rs 26096.69 crore. The sales of medium and heavy commercial vehicles jumped 35.33 per cent to 9,758 units in December as against 7,210 in the same month a year ago, the company said in a statement. Light commercial vehicles sales grew 17.83 per cent to 2,451 units as against 2,080 in December 2014. Ashok Leyland, the Hinduja Group flagship company in India, is engaged in the manufacturing of commercial vehicles and related components. The company’s products include buses, trucks, engines, defense and special vehicles. |
|
|
|
|
Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019 |
.jpg) |
Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
|
|
Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019 |
.jpg) |
The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
|
|
LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019 |
.jpg) |
In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
|
|
Apollo Hospitals rules out further stake sale
Posted on 13th September 2019 |
.jpg) |
Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
|
|
World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019 |
.jpg) |
In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
|
|
|
|
| Be the first person to write a business review for Ashok Leyland shares gain over 3 per cent as Dec sales rise 31.4 per cent |
|
|
|
