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
Eighteen village councils in Uttar Pradesh are demanding a local Coca-Cola bottling plant be prohibited from extracting water from the ground, claiming its over usage has led to water scarcity in the area, said an environmental campaign group. Full Article