Ashok Leyland drops on reverse turnaround in Q2!

Key benchmark indices edged lower, in what was a highly volatile trading session after global credit rating agency Standard and Poor’s (S&P) today, 7 November 2013, warned that it may lower India’s rating to speculative grade from investment grade next year if the government that takes office after the general election fails to provide a credible plan to reverse the country’s low economic growth. The barometer index, the S&P BSE Sensex, provisionally settled below the psychological 21,000 mark, after regaining that level in early afternoon trade. The BSE Sensex closed at 20822.77 and 72.77 point down.

New U Truck from Ashok Leyland (U3123T)

New U Truck from Ashok Leyland (U3123T) (Photo credit: Wikipedia)

Who Moved and Why

  • Triveni Turbine drops after poor Q2 numbers.
  • Info Edge (India) spurts to record high.
  • Bhel extends slide after poor Q2 outcome.
  • Wockhardt jumps on UK regulator nod for Kadaiya unit.
  • Sobha Developers jumps after good Q2 earnings.
  • Bajaj Electricals surges on new orders win.
  • Visaka Industries tumbles after reporting net loss in Q2.
  • Thermax declines after weak Q2 outcome.
  • Ashok Leyland drops on reverse turnaround in Q2.

Read detail analysis report here: – http://rrfinance.com/Reserch/Pdf/07-July/DMR/07th_Nov_equity_closing_update.pdf

Related articles  Ashok Leyland sales plunge in October (news.in.msn.com)

RR Stock Brokers – http://www.rrfinance.com

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