Ashok Leyland stock tanks over 5 pc as co plans to suspend production for up to 15 days
- Country:
- India
Shares of Ashok Leyland plunged over 5 percent 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 percent to Rs 64.50.
The scrip plunged 5.36 percent 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 flagship said in a regulatory filing on Friday.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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