Ashok Leyland jumps on bagging order for 1282 buses from GSRTC
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Ashok Leyland is currently trading at Rs. 176.85, up by 2.70 points or 1.55 % from its previous closing of Rs. 174.15 on the BSE.
The scrip opened at Rs. 175.75 and has touched a high and low of Rs. 177.35 and Rs. 174.35 respectively. So far 234372 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 191.45 on 16-Aug-2023 and a 52 week low of Rs. 133.10 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 183.20 and Rs. 173.60 respectively. The current market cap of the company is Rs. 51749.24 crore.
The promoters holding in the company stood at 51.53%, while Institutions and Non-Institutions held 37.44% and 11.01% respectively.
Ashok Leyland has bagged an order for 1,282 fully built buses from Gujarat State Road Transport Corporation (GSRTC). This order, one of the largest from a State Transport Undertaking for a single OEM, will contribute to strengthening Ashok Leyland's dominant position in the Indian bus market.
Under the terms of the order, Ashok Leyland will deliver 55-seater fully assembled BS VI diesel buses in a phased manner. These buses are designed to provide exceptional passenger comfort and will feature the advanced iGen6 BS VI technology, featuring a robust 147 kW (197 hp) H-series engine, which in turn shall enhance safety and comfort, and reduce the overall cost of ownership (TCO).
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.
