Ashok Leyland rides high on bagging order of 1560 trucks from VRL Logistics
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Ashok Leyland is currently trading at Rs. 139.20, up by 1.00 points or 0.72% from its previous closing of Rs. 138.20 on the BSE.
The scrip opened at Rs. 138.30 and has touched a high and low of Rs. 139.95 and Rs. 138.30 respectively. So far 317322 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 169.40 on 06-Sep-2022 and a 52 week low of Rs. 113.00 on 12-May-2022.
Last one week high and low of the scrip stood at Rs. 139.95 and Rs. 136.90 respectively. The current market cap of the company is Rs. 40738.77 crore.
The promoters holding in the company stood at 51.53%, while Institutions and Non-Institutions held 36.52% and 11.93% respectively.
Ashok Leyland has received an order of 1560 trucks from VRL Logistics (VRL), which is one of the largest logistics companies in India. This order is for AVTR 3120 and AVTR 4420 TT models of Ashok Leyland. These trucks have all the advanced features to bring more efficiency and profitability to VRL’s expanding fleet.
The trucks will come fitted with the latest in features and technology. These advanced features and technologies will help VRL to have reduced maintenance time, fewer stop- overs, and higher efficiency resulting in better uptime and increased profitability.
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.
