Ashok Leyland shares surge over 9 per cent after strong sales in December

MUMBAI: Shares of Ashok Leyland today surged to a one year high of over 9 per cent after the company reported 48.04 per cent jump in total sales in December 2014.

Ashok Leyland's scrip jumped 9.17 per cent to Rs 58.30 -- its 52-week high at the BSE.

On the NSE, it gained 9 per cent to hit a one-year peak of Rs 58.25.

Hinduja Group flagship company Ashok Leyland today reported 48.04 per cent jump in its total sales at 9,290 units in December 2014.

The company had sold 6,275 units during the same month of 2013, Ashok Leyland said in a statement.

Sales of medium and heavy commercial vehicle during the month went up by 85.34 per cent to 7,210 units from 3,890 units sold in the year-ago period.

Sales of light commercial vehicles in December 2014 dropped by 12.78 per cent to 2,080 units from 2,385 units sold in the same month a year ago.