Ashok Leyland is doing pretty well in this poor market. The stock went up to Rs.92 during intra day, close to its 52-week high of Rs.99.65. Volumes are good too, up almost 2 times.

The market is happy with the company’s sales numbers for December’15. It reported a 31% (YoY) rise in total sales at 12,209 units. The sales of medium and heavy commercial vehicles jumped 35% to 9,758 units in December as against 7,210 in the same month a year ago, the company said in a statement.
Light commercial vehicles sales grew 17.83 percent to 2,451 units as against 2,080 in December 2014.

The stock is on the “buy” radar of many FIIs and fund houses thus any positive news immediately pushes up the stock price.