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Ashok Leyland shares up 9 percent

By siliconindia   |   Friday, April 30, 2010   |    3 Comments
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Bangalore: The Ashok Leyland stock touched its 52 week high before closing the day with a gain of nearly nine percent. After starting the day at Rs. 56.20, the stock touched its one year of Rs. 60.30 before shutting shop at Rs. 60.05, up 8.88 percent over its previous close. Through the day, 59,11,697 shares of Ashok Leyland were traded in the market with the current P/E ratio of the stock at 31.49. The 52 week stock price chart is on the left. Ashok Leyland is an India-based company engaged in the manufacturing of commercial vehicles and related components. The company's products range from 18 seater to 82 seater double-decker buses, from 7.5 tons to 49 tons in haulage vehicles, from special application vehicles to diesel engines for industrial, marine and genset applications. Its product categories include buses, trucks, engines, and defence and special vehicles. It offers bus models, such as compressed natural gas (CNG), double decker and vestibule bus. It also offers trucks and tractor-trailers. In addition, the company offers diesel engines for industrial, genset and marine applications. It offers logistic vehicles to the Indian Army. Out of the 22 analysts following the stock currently, the consensus recommendation is to hold the stock, with 11 analysts suggesting to buy the stock. Other stocks in the segment also finished in the green, with Tata Motors going up 6.60 percent and Force Motor gaining 5.74 percent.
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