Ashok Leyland rises on bagging order to supply 35 buses to NBSTC

Ashok Leyland Ltd. | Automobiles-Trucks/Lcv | Automobiles | BSE: 500477 | NSE: ASHOKLEY

19 Oct 2012 Evaluate

Ashok Leyland is currently trading at Rs. 23.60, up by 0.15 points or 0.64% from its previous closing of Rs. 23.45 on the BSE.

The scrip opened at Rs. 23.55 and has touched a high and low of Rs. 23.70 and Rs. 23.35 respectively. So far 51,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 32.90 on 02-May-2012 and a 52 week low of Rs. 20.05 on 22-Dec-2011.

Last one week high and low of the scrip stood at Rs. 24.00 and Rs. 23.10 respectively. The current market cap of the company is Rs. 6,279.00 crore.

The promoters holding in the company stood at 38.61% while Institutions and Non-Institutions held 29.11% and 18.86% respectively.

Ashok Leyland has bagged an order to supply 35 numbers of 52-seater BSIII fully built buses from North Bengal State Transport Corporation (NBSTC). The first 10 buses have been flagged off by Minister of North Bengal Development. This also marks the first order to be bagged by the company from the state transport for fully bulk buses.

These buses will ply in the North Bengal region covering important towns like Cooch Behar, Malbazar, Alipurduar, Dalkhola, Jolpoiguri, Maida and Siliguri. These buses will be serviced through the company’s authorized dealer outlets in Kolkata, Baharampur and Siliguri.

The company has reported a 20.67% jump in sales in September 2012 at 10,623 units compared to 8,803 units in the same month of last year. The company’s small commercial vehicle Dost has contributed to the increase in sales numbers. The company sold 3,027 units of Dost up from 196 sold in September 2011.

Ashok Leyland Share Price

168.65 -2.05 (-1.20%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Ashok Leyland	168.65
Force Motors	20878.00
Olectra Greentech	1340.60
Tata Motors	431.10
SML Mahindra	3800.40
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