Know why Ashok Leyland's stocks are rising

Heavy Commercial Vehicle maker Ashok Leyland continued its uptrend and was the second most traded stock on the National Stock Exchange after it reported very strong sales growth for the month of June.

Ashok Leyland rose 1.4% to 75.15 rupees with 76 lakh shares changing hands on the NSE.

Ashok Leyland's unit sales surged 41% on year to 10,461 vehicles in June compared with 7,411 units in the same month last year. Sales rose 13 percent over May, when they totalled 9,294 units.

Shares of Ashok Leyland have gained 45 percent in the last six months and have more than doubled over the past one year

(Image credit: Indiatimes)