Market Updates
Ashok Leyland December Sales Surge 48%, L&T Wins $650 M Contracts
Mukesh Buch
05 Jan, 2015
New York City
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Ashok Leyland December sales surged 48%. L&T won an order worth Rs 4,006 crore from domestic and international clients. VA Tech Wabag secured a contract for about Rs 220 crore at Varanasi.
[R]6:00 PM Mumbai – Ashok Leyland December sales surged 48%. L&T won an order worth Rs 4,006 crore from domestic and international clients. VA Tech Wabag secured a contract for about Rs 220 crore at Varanasi.[/R]
Indian rupee gained slightly to close at 63.40 against one dollar.
The Sensex Index fell 45.58 to close at 27,842.32. The CNX Nifty slid 17.05 to 8,378.40.
Gainers & Losers
Ashok Leyland Limited surged 8.3% to Rs 57.85 after the auto maker said total sales in December surged 48% to 9,290 units from a year ago period.
Sales of medium and heavy commercial vehicle soared 85% to 7,210 units and light commercial vehicles declined 13% to 2,080 units from a same period last year.
Alphageo (India) Limited jumped 2.9% to Rs 555.90 after the oil explorer won an order about Rs 5.90 crore from Dart Energy.
Fedders Lloyd Corporation Limited soared 9.8% to Rs 77.80 after the company secured an order worth Rs 106.99 crore from Odisha Power Transmission Corporation in Bhubaneshwar.
Larsen & Toubro Limited advanced 1.2% to Rs 1,556.50 after the infrastructure developer won an order worth Rs 4,006 crore from domestic and international clients.
VA Tech Wabag Ltd climbed 5.9% to Rs 1,595.30 after the company secured a contract for about Rs 220 crore from sewage treatment plant in Varanasi, Uttar Pradesh.
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