Ashok Leyland gains on planning to supply 200 trucks to Bangladesh government
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Ashok Leyland is currently trading at Rs. 136.65, up by 1.05 points or 0.77% from its previous closing of Rs. 135.60 on the BSE.
The scrip opened at Rs. 136.80 and has touched a high and low of Rs. 137.25 and Rs. 135.95 respectively. So far 106614 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 153.40 on 16-Nov-2021 and a 52 week low of Rs. 106.20 on 19-Apr-2021.
Last one week high and low of the scrip stood at Rs. 138.90 and Rs. 131.80 respectively. The current market cap of the company is Rs. 39805.75 crore.
The promoters holding in the company stood at 51.54%, while Institutions and Non-Institutions held 35.78% and 12.68% respectively.
Ashok Leyland is planning to supply 200 trucks to the Bangladesh government as part of a $2 billion line of credit announced by Prime Minister Narendra Modi. As part of the order, 135 built trucks have already been delivered to Bangladesh. It had won the tender floated by the Bangladesh government for 135 fully-built trucks, comprising 3T truck, hydraulic beam lifter and Sewerage sucker. These trucks have already been handed over to the Roads and Highways Department of Bangladesh in the current financial year.
The company has now been awarded an order for another lot of 65 units of Truck Mounted Wrecker, a specialised vehicle to be deployed by the Bangladesh government for various highway applications.
Ashok Leyland, the Hinduja Group flagship company in India, is engaged in the manufacturing of commercial vehicles and related components. The company’s products include buses, trucks, engines, defense and special vehicles.
