Ashok Leyland shares fall after earnings disappoint

MUMBAI Fri Jan 25, 2013 9:52am IST

Related Topics

Stocks

   

MUMBAI (Reuters) - Shares in Ashok Leyland Ltd (ASOK.NS) fell as much as 9.2 percent on Friday after disappointing investors with its October-December quarterly earnings, but pared losses later in the morning session.

The bus and truck maker said on Thursday its October-December quarter net profit rose a slower-than-expected 10.82 percent to 741.4 million rupees.

Ashok Leyland shares were down 1.6 percent as of 9:51 a.m.

(Reporting by Abhishek Vishnoi; Editing by Rafael Nam)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Falling Oil Prices

Falling Oil Prices

Indian consumers respond to softer oil, food prices  Full Article 

Asian Markets

Asian Markets

Asian shares shine on U.S. tech results, ECB hopes  Full Article 

Pollution Levels

Pollution Levels

Delhi braces for worst air quality this Diwali week.  Full Article 

Stalemate

Stalemate

WTO prepares for crisis talks as India keeps veto on global deal.  Full Article 

Deal Talk

Deal Talk

Smartphone repair company B2X steps up expansion with Indian deal.  Full Article 

Ebola Outbreak

Ebola Outbreak

India to step up travel surveillance to stop any Ebola outbreak  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage