Jul 16, 2013, 02.24 PM IST
Ashok Leyland, the second largest commercial vehicle maker, disappointed the street with posting higher-than-expected loss of Rs 142 crore in first quarter as against profit of Rs 66.9 crore in a year ago period and expectations of Rs 60 crore loss.
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Sensex, Nifty fall 1%; Ashok Leyland plunges 8% on Q1 loss
Ashok Leyland, the second largest commercial vehicle maker, disappointed the street with posting higher-than-expected loss of Rs 142 crore in first quarter as against profit of Rs 66.9 crore in a year ago period and expectations of Rs 60 crore loss.
Like this story, share it with millions of investors on M3
Sensex, Nifty fall 1%; Ashok Leyland plunges 8% on Q1 loss
Ashok Leyland, the second largest commercial vehicle maker, disappointed the street with posting higher-than-expected loss of Rs 142 crore in first quarter as against profit of Rs 66.9 crore in a year ago period and expectations of Rs 60 crore loss.
14:25
Moneycontrol BureauLive Market Commentary
Equity benchmarks remain in a downward journey today, weighed down by banks, auto, realty and capital goods stocks.
The BSE Sensex is down 196.93 points or 0.98 percent at 19837.55, and the Nifty is down 78.10 points or 1.30 percent at 5952.70.
Ashok Leyland, the second largest commercial vehicle maker, disappointed the street with posting higher-than-expected loss of Rs 142 crore in first quarter as against profit of Rs 66.9 crore in a year ago period and expectations of Rs 60 crore loss. Revenue fell 21.9 percent year-on-year to Rs 2,364 crore during April-June quarter.
13:21
Sensex weak; Bharti, Idea up as 100% FDI nod looks possibleThe market is still jittery as the Nifty collapsed nearly 100 points to below 5950 after a gap down opening. The Nifty is down 84 points at 5946.80 while the Sensex slips 225.28 points to19809.20. About 692 shares have advanced, 1302 shares declined, and 114 shares are unchanged.
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