Ashok Leyland, the 2nd largest commercial vehicle manufacturer in India, witnessed a rise in share price on Friday after it swung to profit for the quarter ended September 2014. During the quarter, the company reported a profit of Rs 1,206.9 million compared with a loss of Rs 250.54 million in the same quarter previous year.
Total income for the quarter rose 26.20% to Rs 32.18 billion, compared with Rs 25.50 billion for the prior year period.
Shares of the company are trading at Rs 47.60, up Rs 0.85, or 1.82% at the Bombay Stock Exchange (BSE) on Friday at 10:46 a.m.
The scrip has touched an intra-day high of Rs 49.00 and low of Rs 47.25. The total volume of shares traded at the BSE is 2,320,925.