Ashok Leyland rallies 5% on bagging order for 1,400 school buses in UAE

The stock surpassed its previous high of Rs 158.15 touched on August 1, 2022. It was trading close to its record high of Rs 168 touched on May 8, 2018

Shares of Ashok Leyland hit a 52-week high of Rs 161.75 and rallied 5 per cent on the BSE in Thursday’s weak market after reports said the company has bagged an order for 1,400 school buses in the UAE, which is its largest ever school bus order. 

The total fleet deal for the GCC-made buses has been bagged by Chennai-based Ashok Leyland's UAE distribution partners, Swaidan Trading - Al Naboodah Group. Most of the supplies will be made to Emirates Transport and STS Group, a statement from the company said. However, the value of the order was not disclosed,