Ashok Leyland stock climbs 15% post weak Q1 earnings

Ashok Leyland share price gained over 13% today despite the Hinduja Group flagship firm reporting a net loss of Rs 388.82 crore in Q1 due to the coronavirus pandemic. In the April-June 2019 quarter, the commercial vehicle maker had posted a net profit of Rs 274.96 crore.
However, investors shrugged off the impact of Covid 19 on the company’s financials in last quarter. Ashok Leyland share price gained 14.92% to Rs 62 against previous close of  Rs 53.95 on BSE. Later the share closed 13% higher…

Click here to view the original article.