MUMBAI 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)
Trending On Reuters
One Rank One Pension
India approved a long-awaited programme to equalise pension payments for retired military personnel despite it being a "huge fiscal burden," defence minister Manohar Parrikar said on Saturday. Full Article