INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Shares of Ashok Leyland wiped off intial losses and were trading nearly 1 per cent up at Rs 111.65 apiece on BSE around 10:55 am
on Thursday.
The scrip had come under pressure after the government brought in new axle norms for load carrying capacity which experts said
could hurt demand for commercial vehicles.
The load carrying capacities of heavy vehicles, including trucks, have been increased by 20-25
per cent at par with global standards, PTI reported on Wednesday, quoting Road Transport Minister Nitin Gadkari.
On Wednesday, the stock
plunged almost 14 per cent to settle at Rs 110.60 on BSE.
Equity benchmarks were cautious amid mixed Asian cues
Rupee also weakened against the US dollar while oil prices rose in global markets.
Vedanta, Mahindra Mahindra and Bharti Airtel were among
the top gainers in the Sensex index.
