{"id":116902,"date":"2024-01-08T11:48:44","date_gmt":"2024-01-08T06:18:44","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=116902"},"modified":"2024-01-08T13:07:04","modified_gmt":"2024-01-08T07:37:04","slug":"large-cap-stock-in-green-after-it-reports-highest-ever-sales-in-2023","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/large-cap-stock-in-green-after-it-reports-highest-ever-sales-in-2023\/","title":{"rendered":"Large cap stock in green after it reports highest ever sales in 2023"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3435177575\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of the leading commercial vehicle manufacturer gained around 1.5 percent to Rs 181.90 per share after the company reported strong sales volumes of its commercial vehicles in the calendar year of 2023.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-437198374\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Ashok Leyland Ltd is a large-cap stock, with a market capitalization of Rs 52,718 crore. It is the world&#8217;s biggest manufacturer of medium-duty defense vehicles.&nbsp;<\/p><p>Ashok Leyland announced that it has reached yet another milestone by clocking its highest-ever sales volume of its commercial vehicle in a calendar year of the company during the year 2023.&nbsp;<\/p><p>The company achieved a total commercial vehicle volume of 1,98,113 units surpassing its previous record established in the year 2018. The company reported in its exchange filing.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2730745515\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company\u2019s revenues have increased by 19 percent year on year from Rs 9,600 crore in Q2FY23 to Rs 11,429 crore in Q2FY24, while net profit has increased by 206 percent from Rs 186 crore to Rs 569 crore, in the same period.&nbsp;<\/p><p>Ashok Leyland shares have given a return of 10 percent in the last six months and 18 percent in a year.&nbsp;<\/p><p>The company has planned to invest Rs 1,200 crore in its electric mobility subsidiary Switch Mobility. This investment will encompass the company\u2019s foray into electric buses and light commercial vehicles. Presently, Switch Mobility has a fleet of over 800 operational buses.&nbsp;<\/p><p>Ashok Leyland, the Indian flagship of the Hinduja Group and the country\u2019s leading commercial vehicle manufacturer, The company manufactures heavy and medium commercial vehicles and related components, light commercial vehicles, and power solution systems.&nbsp;<\/p><p>The company has manufacturing facilities in the UAE, Sri Lanka, Bangladesh, Nigeria, the UK, Kenya, and India.&nbsp;<\/p><p>Ashok Leyland is the second largest manufacturer of commercial vehicles in India in the medium and heavy commercial vehicle segment, the eighth largest manufacturer of buses in the world, and the fifteenth largest manufacturer of trucks globally.<\/p><div class=\"trade-content-10\" id=\"trade-1196999821\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>At the time of writing this report, Ashok Leyland Ltd shares were trading at Rs 179.70 per share, up 0.14 percent from the previous close price.&nbsp;<\/p><p><strong>Written by Omkar Chitnis<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2986420947\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of the leading commercial vehicle manufacturer gained around 1.5 percent to Rs 181.90 per share after the company reported strong sales volumes of its commercial vehicles in the calendar year of 2023.&nbsp; Ashok Leyland Ltd is a large-cap stock, with a market capitalization of Rs 52,718 crore. It is the world&#8217;s biggest manufacturer [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":98559,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[],"class_list":["post-116902","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Large cap stock in green after it reports highest ever sales in 2023 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of the leading commercial vehicle manufacturer gained around 1.5 percent to Rs 181.90 per share after the company reported strong sales volumes of its commercial vehicles in the calendar year of 2023.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/large-cap-stock-in-green-after-it-reports-highest-ever-sales-in-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Large cap stock in green after it reports highest ever sales in 2023\" \/>\n<meta property=\"og:description\" content=\"The shares of the leading commercial vehicle manufacturer gained around 1.5 percent to Rs 181.90 per share after the company reported strong sales volumes of its commercial vehicles in the calendar year of 2023.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/large-cap-stock-in-green-after-it-reports-highest-ever-sales-in-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-08T06:18:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-08T07:37:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/index-cover-image-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/large-cap-stock-in-green-after-it-reports-highest-ever-sales-in-2023\/\",\"url\":\"https:\/\/tradebrains.in\/features\/large-cap-stock-in-green-after-it-reports-highest-ever-sales-in-2023\/\",\"name\":\"Large cap stock in green after it reports highest ever sales in 2023 - 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