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Bucking a weak trend in the broader market, shares of Ashok Leyland rose 3 per cent in the morning trade on the bourses today after the company reported a 53.36 per cent jump in commercial vehicle sales to 7,878 units in November.
The scrip opened on a bullish note and jumped 2.79 per cent to a high of Rs 25.75 on the BSE within minutes of the opening bell. On the NSE, the stock gained 3 per cent to touch an early high of Rs 25.80.
The company had sold 5,137 units in November last year. Domestic sales stood at 6,477 units in November this year against 3,885 units in the same month of the previous year, up 66.72 per cent.
The surge in the stock was in contrast to the sluggish broader market, with the benchmark Sensex trading at 16,745.51, down 101.32 points, in the morning session.
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