The equity indices continued to trade with decent gains in morning trade. The Nifty traded above the 25,250 level. FMCG shares advanced after declining in the past consecutive trading sessions. At 10:30 ST, the barometer index, the S&P BSE Sensex gained 235.94 points or 0.29% to 82,605.71. The Nifty 50 index added 58.55 points or 0.23% to 25,294.45. The Sensex and Nifty clocked an all-time high of 82,725.28 and 25,333.65, respectively in early trade. In the broader market, the S&P BSE Mid-Cap index shed 0.10% and the S&P BSE Small-Cap index fell 0.23%. The S&P BSE Mid-Cap index hit an all-time high at 49,306.56. The market breadth was positive. On the BSE, 1,886 shares rose and 1,840 shares fell. A total of 214 shares were unchanged. Buzzing Index: The Nifty FMCG index rose 0.98% to 63,677.75. The index shed 0.16% in the past consecutive trading sessions. Radico Khaitan (up 4.01%), ITC (up 2.04%), Hindustan Unilever (up 0.94%), Britannia Industries (up 0.66%), United Spirits (up 0.65%), Tata Consumer Products (up 0.62%), Dabur India (up 0.62%), Varun Beverages (up 0.44%), Nestle India (up 0.15%) and Colgate-Palmolive (India) (up 0.12%) advanced. On the other hand, United Breweries (down 0.88%), Balrampur Chini Mills (down 0.74%) and Godrej Consumer Products (down 0.58%) edged lower. Stocks in Spotlight: Ashok Leyland fell 2.03%. The company has reported total commercial vehicle sales of 14,463 units for the month of August 2024, which is lower by 7% as compared with the sales of 15,576 units sold in August 2023. Centum Electronics jumped 2.33% after the company informed that it has received an order from Defence Research and Development Organisation (DRDO) worth Rs 109.58 crore. The order includes intersatellite link & other payload subsystems to be executed within a period of 16 months GPT Infraprojects rose 0.82%. The company said that it has been declared as L1 (first lowest) by CAO Construction, South Eastern Railway, Kolkata for an aggregate value of Rs 204 crore. The project includes construction of road over bridge (3 lane) with bridge proper and bridge approaches between Andul-Sankrail station and construction of road over bridge (2 lane) with bridge proper and bridge approaches between Nalpur-Bauria Stations of Howrah-Kharagpur section under the jurisdiction of Dy CE/Con/Garden Reach, S. E. Railway. Powered by Capital Market - Live

While total domestic medium and heavy commercial vehicle (M&HCV) sales decreased by 14% to 7,790 units, total light commercial vehicle (LCV) sales in the local market degrew by 8% to 13,347 units in August 2024 over August 2023. Exports, however, increased by 8% year-over-year to 1,116 units during the period under review. The company had exported 1,031 commercial vehicle units in the same period last year. Ashok Leyland is engaged in manufacture and sale of a wide range of commercial vehicles. The company also manufactures engines for industrial and marine applications, forgings and castings. The company reported 6.39% fall in consolidated net profit to Rs 509.15 crore in Q1 FY25 as compared with Rs 543.89 crore in Q1 FY24. Revenue from operations rose 10.66% year on year (YoY) to Rs 10,724.49 crore in the quarter ended June 2024. The scrip fell 1.80% to currently trade at Rs 251.65 on the BSE. Powered by Capital Market - Live

Ashok Leyland recorded total sales of 14,463 units in month of August 2024 compared to 15,576 units in August 2023, registering a decline of 7%. Domestics sales declined 8% to 13,347 units in August 2024. Powered by Capital Market - Live

In an exchange filing, the firm stated, 'Pursuant to the completion of the liquidation process, OHM UK has ceased to be the step-down subsidiary of the company with effect from August 27, 2024.' Ashok Leyland is engaged in manufacture and sale of a wide range of commercial vehicles. The company also manufactures engines for industrial and marine applications, forgings and castings. The company reported 6.39% fall in consolidated net profit to Rs 509.15 crore in Q1 FY25 as compared with Rs 543.89 crore in Q1 FY24. Revenue from operations rose 10.66% year on year (YoY) to Rs 10,724.49 crore in the quarter ended June 2024. The scrip declined 0.04% to currently trade at Rs 262 on the BSE.Powered by Capital Market - Live

Ashok Leyland Ltd rose for a fifth straight session today. The stock is quoting at Rs 262.1, up 0.71% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.22% on the day, quoting at 24824.75. The Sensex is at 81098.08, up 0.24%. Ashok Leyland Ltd has added around 14.14% in last one month. Meanwhile, Nifty Auto index of which Ashok Leyland Ltd is a constituent, has added around 1.2% in last one month and is currently quoting at 25586.75, up 0.15% on the day. The volume in the stock stood at 21.5 lakh shares today, compared to the daily average of 134.96 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 262.15, up 0.48% on the day. Ashok Leyland Ltd is up 39.71% in last one year as compared to a 27.67% gain in NIFTY and a 65.34% gain in the Nifty Auto index.The PE of the stock is 29.08 based on TTM earnings ending June 24.Powered by Capital Market - Live

Ashok Leyland Ltd rose for a third straight session today. The stock is quoting at Rs 260.45, up 1.15% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.57% on the day, quoting at 24712.8. The Sensex is at 80888.47, up 0.58%. Ashok Leyland Ltd has added around 12.9% in last one month. Meanwhile, Nifty Auto index of which Ashok Leyland Ltd is a constituent, has added around 0.78% in last one month and is currently quoting at 25368.75, up 0.32% on the day. The volume in the stock stood at 58.43 lakh shares today, compared to the daily average of 145.07 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 260.2, up 1.07% on the day. Ashok Leyland Ltd is up 39.39% in last one year as compared to a 27.43% gain in NIFTY and a 64.96% gain in the Nifty Auto index.The PE of the stock is 28.78 based on TTM earnings ending June 24.Powered by Capital Market - Live