Ashok Leyland offers drop over 4% on disillusioning August deals

Ashok Leyland offers drop over 4% on disillusioning August deals

Portions of Ashok Leyland on Wednesday fell more than 4 percent after the organization announced a 47 percent decrease in all out business vehicle deals in August. The scrip tumbled 4.21 percent to close at Rs 62.60 on the BSE. During the day, it dropped 6.35 percent to Rs 61.20.

On the NSE, shares went lower by 3.97 percent to close at Rs 62.75.

As far as exchanged volume, 28.40 lakh offers were exchanged on the BSE and more than four crore units on the NSE during the day.

Ashok Leyland on Tuesday detailed a 47 percent decrease in all out business vehicle deals at 9,231 units in August.

The organization had posted offers of 17,386 units in the year-back month, Ashok Leyland said in an announcement.