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  Business   Companies  07 Oct 2019  Ashok Leyland stock tanks over 5 pc as co plans to suspend production for up to 15 days

Ashok Leyland stock tanks over 5 pc as co plans to suspend production for up to 15 days

PTI
Published : Oct 7, 2019, 12:13 pm IST
Updated : Oct 7, 2019, 12:13 pm IST

On the BSE, the Ashok Leyland stock slumped 5.29 per cent to Rs 64.50.

The scrip plunged 5.36 per cent to Rs 64.40 on the NSE.
 The scrip plunged 5.36 per cent to Rs 64.40 on the NSE.

New Delhi: Shares of Ashok Leyland plunged over 5 per cent on Monday after the company said it will suspend manufacturing operations at its various plants for up to 15 days in October.

On the BSE, the stock slumped 5.29 per cent to Rs 64.50.

 

The scrip plunged 5.36 per cent to Rs 64.40 on the NSE.

The commercial vehicle major on Friday said it will suspend manufacturing at its various plants for up to 15 days this month in order to adjust production to market demand.

"To align our production in line with our sales, the company's plants at various locations will be observing non-working days ranging from 2-15 days, during the month of October," the Hinduja Group flagship said in a regulatory filing on Friday.

Tags: ashok leyland, bse, nse, commercial vehicles, hinduja group
Location: India, Delhi, New Delhi