Sales of medium and heavy commercial vehicles in May 2014 marginally dipped to 4,884 units as against 4,932 units sold during the corresponding month of the previous year.
Hinduja Group company Ashok Leyland has reported a 8.73 percent decline in total sales in May 2014, selling 6,632 units. The city-based commercial vehicle maker had sold 7,267 units during the same month of the previous year, a company statement said.
For the period April-May 2014, total sales declined by 15 percent to 12,529 units from 14,754 units sold during the same period of the previous year. Sales of medium and heavy commercial vehicles in May 2014 marginally dipped to 4,884 units as against 4,932 units sold during the corresponding month of the previous year.
Sales of Medium and Heavy Commercial vehicles in April-May 2014 declined to 9,407 units from 10,183 units sold during the same period of the previous year, the company said. However, sales of Light Commercial Vehicles witnessed a 25.1 percent decline in May 2014 to 1,748 units from 2,335 units sold during the same month of previous year. For the period April-May 2014, sales of LCVs slipped to 31.6 percent to 3,122 units from 4,571 units sold during the corresponding period of the previous year, the statement added.
Also Read: Cheer for Maruti, TVS, Hero in May; exports lift Bajaj nos
Ashok Leyland stock price
On June 02, 2014, Ashok Leyland closed at Rs 32.85, up Rs 0.55, or 1.70 percent. The 52-week high of the share was Rs 35.75 and the 52-week low was Rs 11.82.
The company's trailing 12-month (TTM) EPS was at Rs 0.11 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 298.64. The latest book value of the company is Rs 16.85 per share. At current value, the price-to-book value of the company is 1.95.
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