Ashok Leyland rises on bagging order from Sri Lankan Transport Board to supply 500 buses
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Ashok Leyland is currently trading at Rs. 147.75, up by 0.95 points or 0.65% from its previous closing of Rs. 146.80 on the BSE.
The scrip opened at Rs. 147.00 and has touched a high and low of Rs. 148.00 and Rs. 146.25 respectively. So far 186132 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. 93.20 on 08-Mar-2022.
Last one week high and low of the scrip stood at Rs. 150.35 and Rs. 145.30 respectively. The current market cap of the company is Rs. 44386.67 crore.
The promoters holding in the company stood at 51.54%, while Institutions and Non-Institutions held 37.16% and 11.30% respectively.
Ashok Leyland has bagged an order from the Sri Lankan Transport Board (SLTB) to supply 500 buses. Sri Lanka Transport Board is the state owned single largest bus transport provider with 110 depots throughout the island nation and operates buses in city routes, hilly and rural routes and also in long distance inter-city routes.
As part of the order secured from SLTB, the company delivered 75 buses to the neighbouring country. The order was part of the Line of Credit extended by the Export Import Bank of India, under the Economic Assistance Scheme of the Indian government.
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.
