Driven by degrowth in the Medium and heavy commercial vehicle segment, the Automobile Giant has reported 5 percent decline in the sales. Medium and heavy commercial vehicle sales contribute a great deal in the sales of the company which went down by 7 percent to 8,182 units. The total sales reported a decline of 10,492 units. In amidst all declines, the sales of light commercial vehicles showed a positive sign, it grew by 4 percent to 2,310 units Year-on-Year. The data has led a drop in Ashok Leyland share price.
The Ashok Leyland share price opened at Rs. 90.90 which was the intraday high for the stock. At the time, it was trading at Rs. 89.60 with a drop of over 2%. The stock experienced spurt in the volume by 220%. The shares traded in the beginning of the session pushed close to a crore. Dynamic Levels have identified the stock among top 500 performers for the quarter for its strong fundamental. Ashok Leyland share price has been trading in the middle of its closest support and resistance levels which stand at Rs. 2673.60 and Rs. 2803 respectively. For more details on the support and resistance of the stock, visit the Ashok Leyland share price forecast page of the website. Also, check the ladder on the Ashok Leyland share price history page.
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