Shares of Ashok Leyland fell for the 3rd day. Know why
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Ashok Leyland Ltd., India's 2nd largest vehicle maker, fell for the 3rd day on Tuesday despite reporting very strong growth in monthly sales for August. The stock was caught up in the wider carnage that is going on at Dalal Street. But Ashok Leyland plunged 4.90 rupees, or 5.4 percent, to 85.40 rupees on the National Stock Exchange where 20.1 lakh shares were traded versus the 5-day average of 21.34 lakh shares.
The company has seen its market capitalisation jump 120 percent to 25,100 crore rupees in the past one year.
Image credit: Indiatimes
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