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The shares of Ashok Leyland rose by more than 4% on Wednesday due to the strong sales reported by the company for the month of July 2018.
Total sales in July 2018 jumped 27% in 15199 units compared to 11,981 units in July 2017.
Sales of medium and heavy commercial vehicles (CMVs) increased by 22% to 10,996 units against 9,026.
Sales of light commercial vehicles (LCVs) increased 42% to 4,203 units as against 2,955 units [19659002] The company had recorded a net profit of Rs 370 crore for the quarter ended June 2018, compared to Rs 111.2 crore for the same quarter in 2017.
net business turnover of the company reached Rs 6,250 crore, a 38% growth to Ashok Leyland was citing Rs 116.45, up Rs 3.65, or 3.24 percent on the 39th. ; BSE.
Posted by Rakesh Patil
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