Ashok Leyland rose 0.28% to Rs 91.15 at 9:25 IST on BSE after the company said that it has received an order from the Ministry of Local Government, Public Works and National Housing, Government of Republic of Zimbabwe.
The company made the announcement after market hours on Friday, 8 January 2016.Meanwhile, the BSE Sensex was down 286.75 points, or 1.15%, to 24,647.58.
On BSE, so far 87,499 shares were traded in the counter, compared with an average volume of 12.44 lakh shares in the past one quarter. The stock hit a high of Rs 92 and a low of Rs 90.40 so far during the day. The stock hit a record high of Rs 99.65 on 30 November 2015. The stock hit a 52-week low of Rs 56.10 on 10 January 2015.
Ashok Leyland said that it has received an order for 680 vehicles and spare parts, worth $50 million from the Ministry of Local Government, Public Works and National Housing, Government of Republic of Zimbabwe.
Ashok Leyland's net profit rose 137.6% to Rs 286.81 crore on 54.9% growth in net sales to Rs 4878.81 crore in Q2 September 2015 over Q2 September 2014.
Ashok Leyland is the second largest manufacturer of commercial vehicles in terms of sales in India.
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