Ashok Leyland rose 2.14% to Rs 128.80 at 14:34 IST on BSE after the company announced winning order for 300 double decker buses in Bangladesh.
The announcement was made during market hours today, 17 August 2018.Meanwhile, the S&P BSE Sensex was up 347.31 points, or 0.92% to 38,010.87
On the BSE, 8.10 lakh shares were traded in the counter so far, compared with average daily volumes of 19.31 lakh shares in the past two weeks. The stock had hit a high of Rs 129.25 and a low of Rs 126.10 so far during the day. The stock had hit a record high of Rs 167.50 on 8 May 2018. The stock had hit a 52-week low of Rs 100 on 22 August 2017.
The large-cap company has equity capital of Rs 293.53 crore. Face value per share is Re 1.
Ashok Leyland today announced the winning of an order from Bangladesh Road Transport Corporation (BRTC) for the supply of 300 Ashok Leyland buses. The order is for double decker buses which will help in decongesting the busy roads of Dhaka. This procurement is against a tender under Indian Line of Credit. The delivery will take place within eight months from now.
Announcing the order win, Vinod K. Dasari, Managing Director, Ashok Leyland, said, Bangladesh is one of the key export markets and this order further strengthens position.
Ashok Leyland's net profit rose 232.7% to Rs 370.10 crore on 46.79% rise in net sales to Rs 6250.13 crore in Q1 June 2018 over Q1 June 2017.
More From This Section
Ashok Leyland is one of the leading manufacturers of medium and heavy commercial vehicles in India.
Powered by Capital Market - Live News