
Ashok Leyland shares drop 2% as Q4 profit declines
Net profit of Ashok Leyland slipped 17% year-on-year to ₹751 crore for the quarter ended March
Net profit of Ashok Leyland slipped 17% year-on-year to ₹751 crore for the quarter ended March
The share price of Maruti Suzuki surged as much as 1.9% to hit an intra-day high of ₹8,936 apiece on the Bombay Stock Exchange.
The agency is also probing former Andhra Pradesh MLA JC Prabhakar Reddy and Gopal Reddy in the case and has attached assets worth ₹22 crore.
Ashok Leyland share price rose 5.03% to hit a 52-week high of ₹161.75 on the BSE after the Hinduja Group company bagged an order for 1,400 school buses in the UAE.
The Hinduja Group flagship registered a revenue of ₹8,744 crore in the quarter under review against ₹7,000 crore in the same period last year.
The BSE Sensex and the NSE Nifty are pointing to modest opening losses, following muted cues from Asia peers and bearish trends on SGX Nifty futures.
The pay growth of India Inc.’s top executives and directors was slower in FY19, but six of them took home 1,000 times the median remuneration of their employees.