16-07-2024 02:39 PM | Source: Accord Fintech
Ashok Leyland inches up on bagging order for 2104 fully built bus from MSRTC

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Ashok Leyland is currently trading at Rs 228.40, up by 0.25 points or 0.11% from its previous closing of Rs. 228.15 on the BSE.

The scrip opened at Rs. 230.75 and has touched a high and low of Rs. 230.75 and Rs. 227.65 respectively. So far 825772 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 245.60 on 25-Jun-2024 and a 52 week low of Rs. 157.65 on 14-Mar-2024.

Last one week high and low of the scrip stood at Rs. 230.40 and Rs. 221.40 respectively. The current market cap of the company is Rs. 67038.63 crore.

The promoters holding in the company stood at 51.52%, while Institutions and Non-Institutions held 33.76% and 14.72% respectively.

Ashok Leyland has bagged single largest fully built bus order from the Maharashtra State Road Transport Corporation (MSRTC) for 2104 units of Viking passenger bus. This will further contribute to strengthening Ashok Leyland's dominant position in the bus segment. Maharashtra State Road Transport Corporation (MSRTC) is one of the largest state transport undertakings in the country with over 15,000 buses. 

With this order, Ashok Leyland buses will dominate its fleet. These modern, fully built buses will be fully compliant with the latest CMVR standards, will feature AIS 153 compliant body, and will have the proven iGEN6 BS VI OBD II technology with 197 HP H-Series Engine, and Rear Air Suspension, among other significant features. These buses will be manufactured at Ashok Leyland’s exclusive bus body plants with state-of-the-art technology, and will offer enhanced safety, improved comfort, and a lower total cost of ownership for MSRTC.

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.