Meanwhile, the BSE Sensex was up 66.24 points or 0.38% to 17,491.95

On BSE, 2.58 lakh shares were traded in the counter as against average daily volume of 8.10 lakh shares in the past one quarter.

The stock hit a high of Rs 25.40 and a low of Rs 25 so far during the day. The stock had hit a 52-week high of Rs 32.90 on 2 May 2012. The stock had hit a 52-week low of Rs 20.05 on 22 December 2011.

The stock had underperformed the market over the past one month till 3 July 2012, falling 2.01% compared with Sensex's 9.15% surge. The scrip also underperformed the market in past one quarter, sliding 23.63% as against Sensex's 0.98% fall.

The mid-cap commercial vehicles maker has an equity capital of Rs 266.07 crore. Face value per share is Re 1.

Small commercial vehicle ‘Dost' clocked sales of 2,725 units in June 2012. Excluding the sales of ‘Dost', total sales declined by 6% to 7,519 units in June 2012 over June 2011. Dost is manufactured in association with Nissan Motor Company of Japan at Ashok Leyland's facility in Tamil Nadu.

Ashok Leyland's net profit fell 13.2% to Rs 258.74 crore on 11.1% growth in net sales to Rs 4235.82 crore in Q4 March 2012 over Q4 March 2011.

Ashok Leyland, the flagship of the Hinduja Group, is the second largest maker of commercial vehicles in India after Tata Motors.