16
Jul
Shares of Chennai-based commercial vehicle maker Ashok Leyland fell by 2.11% to a low of ₹122.80 on the BSE. Ashok Leyland shares also fell by 2.15% to a low of ₹122.70 on the National Stock Exchange. The stock began trading at 1:1 ex-bonus issue rate from Wednesday, July 16. Ashok Leyland's board had announced the bonus issue of shares while announcing its fourth quarter results on May 23. The company had reported a net profit of ₹1,246 crore in the January-March quarter, up 38% from ₹900 crore in the same period last year. Ashok Leyland's operating revenue grew 6% to…
