Ashok Leyland rides high on securing order for 1225 buses from Karnataka State Transport Undertakings
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Ashok Leyland is currently trading at Rs. 173.10, up by 1.75 points or 1.02% from its previous closing of Rs. 171.35 on the BSE.
The scrip opened at Rs. 171.05 and has touched a high and low of Rs. 174.50 and Rs. 167.90 respectively. So far 711099 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. 179.10 and Rs. 167.90 respectively. The current market cap of the company is Rs. 50912.45 crore.
The promoters holding in the company stood at 51.53%, while Institutions and Non-Institutions held 35.23% and 13.25% respectively.
Ashok Leyland has bagged orders from the Karnataka State Transport Undertakings for 1225 nos. fully built Viking buses to be delivered by April 2024. This will further contribute to strengthening Ashok Leyland's dominant position in the bus industry.
Ashok Leyland has been the most preferred brand by Karnataka State Transport Undertakings (STUs), boasting a fleet of over 11,680 operational buses. These buses shall adhere to AIS153 standards, and the design places a strong emphasis on ensuring superior passenger comfort and top-notch safety for both passengers and driver. Packed with advanced features, including a powerful H-series 6-cylinder 147 kW (197 hp) engine, and OBD-II certification, these buses showcase Ashok Leyland’s state-of-the-art technology.
Ashok Leyland is the 4th largest manufacturer of buses in the world and India’s largest bus manufacturer. This recent order represents a significant step forward, highlighting Karnataka State Transport Undertakings’ enduring trust in Ashok Leyland's exceptional products and services.
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.
