| | |
Ashok Leyland has reduced the prices of its commercial vehicles by 1% with immediate affect, the automaker said in a statement, after a recent decrease in excise duty on chassis by the same amount.
The government cut excise duty on commercial vehicle chassis to 14% this week.
Ashok Leyland, India's second-largest truck and bus manufacturer, raised its prices by 5% after the excise duty was raised by that amount in the federal Budget in March.
Ashok Leyland stock price
On May 06, 2015, at 11:58 hrs Ashok Leyland was quoting at Rs 67.85, down Rs 2.8, or 3.96 percent. The 52-week high of the share was Rs 77.00 and the 52-week low was Rs 21.80.
The company's trailing 12-month (TTM) EPS was at Rs 1.65 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 41.12. The latest book value of the company is Rs 11.57 per share. At current value, the price-to-book value of the company is 5.86.
Set email alert for
ADS BY GOOGLE
video of the day
Budget 2015-16: Revive capex through savings on cheap crude says Kotak Sec