Ashok Leyland rose 1.31% to Rs 108.05 at 9:28 IST on BSE after the company said it has won a defence contract worth Rs 800 crore from Indian armed forces.
The announcement was made after market hours yesterday, 29 March 2016.Meanwhile, the S&P BSE Sensex was up 194.29 points or 0.78% at 25,094.75.
On BSE, so far 2.08 lakh shares were traded in the counter as against average daily volume of 16.25 lakh shares in the past two weeks. The stock hit a high of Rs 108.60 so far during the day, which is a record high for the counter. The stock hit a low of Rs 107.90 so far during the day. The stock had hit a 52-week low of Rs 63.85 on 27 April 2015.
The large-cap company has equity capital of Rs 284.59 crore. Face value per share is Rs 1.
Ashok Leyland said it has won a defence contract worth Rs 800 crore from Indian armed forces for supply of advanced-technology products - 450 units of Field Artillery Tractor (FAT) 6x6 and other similar Super Stallion vehicles; and 825 units of Ambulance 4x4.
Net profit of Ashok Leyland rose 519% to Rs 198.63 crore on 22.5% growth in net sales to Rs 4029.46 crore in Q3 December 2015 over Q3 December 2014.
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Ashok Leyland is the second largest manufacturer of commercial vehicles in terms of sales in India.
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