Ashok Leyland slips 3% on disappointing Q3 numbers

India's second-largest truck and bus maker Ashok Leyland slipped on Friday after the company reported disappointing Q3 numbers.

The company posted net profit during the quarter ended Dec. 31, 2012, which increased to Rs 741.41 million as compared to Rs 669.03 million in the same period last year.

Net sales declined 19% to Rs 23.23 billion. The company had a one-time gain of Rs 1.56 billion. Shares ofthe companyare trading at Rs 23.60, down Rs 0.8, or 3.28% at the Bombay Stock Exchange (BSE) on Friday at 9:35 a.m.The scrip has touched an intra-day high of Rs 24.20 and low of Rs 22.25. The total volume of shares traded at the BSE is 240,819.In the earlier session, the shares declined 2.4%, or Rs 0.6, at Rs 24.40. Currently, the stock is trading down 28.27% from its 52-week high of Rs 32.90 and above 16.54% over the 52-week low of Rs 20.25.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 26.25 (1.85) (7.05) 1 Month 26.80 (2.40) (8.96) 3 Months 23.15 1.25 5.40 6 Months 21.30 3.10 14.55 1 Year 27.40 (3.00) (10.95) Note: Based on previous day closing price.