Ashok Leyland, the commercial vehicle manufacturer, witnessed a rise in share price on Monday after it has reported an increase of 48% in sales in December 2014 to 9,290 units as against 6,275 units sold in the same period of last year. The company experienced a rise of 85% in its M&HCV products segment to 7,210 units in December.
 
The company's large commercial vehicle (LCV) witnessed a fall of 13% to 2,080 units in December. Sales for April-December 2014 went up 12% over previous year period to 70,743 units.

Shares of the company are trading at Rs 56.85, up Rs 5.5, or 10.71% at the Bombay Stock Exchange (BSE) on Monday at 9:48 a.m.

The scrip has touched an intra-day high of Rs 57.40 and low of Rs 54.20. The total volume of shares traded at the BSE is 2,312,765.