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.
Ashok Leyland is one of the leading manufacturers of medium and heavy commercial vehicles in India.
Ashok Leyland bags order for supply of 300 buses in Bangladesh
17 - Aug - 2018 12:00 AM | 4 days ago
Ashok Leyland announced the winning of an order from Bangladesh Road Transport Corporation for 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.
Ashok Leyland introduces 'Innoline' - World's first BS4 Engine driven by an Inline Fuel Pump
16 - Aug - 2018 12:00 AM | 5 days ago
Ashok Leyland announced that after the stupendous success of the first mechanical Pump for BS3 engines in lndia, and the very well received' iEGR (Intelligent Exhaust Gas Recirculation) technology, Ashok Leyland has combined both these indigenous innovations to successfully introducethe inline pump for BS4 engines for the first time in lndia. lnnoline combines the efficiency and performance of the iEGR technology with the simplicity of the renowned sada or 'Inline' pump. Ashok Leyland is the only OEM in the world to achieve this innovative feat, which would bring immense benefits to its customers. This technology can be upgraded and used for BS6 engines as well.
Innoline, as the name suggests, is the innovative inline pump or the upgraded SADA pump. This inline pump is well known in the Indian commercial vehicle industry and is preferred by the drivers andservice mechanics alike. Apart from the benefits of the iEGR technology, like lower cost of operations and no hassles of AdBlue (Urea), lnnoline makes the maintenance of the engine much simpler for the mechanics, and gives a hassle-free service experience to the customers.
Ashok Leyland Ltd is up for a third straight session today. The stock is quoting at Rs 124.65, up 4.27% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.49% on the day, quoting at 11445.2. The Sensex is at 37861.18, up 0.52%. Ashok Leyland Ltd has slipped around 4.77% in last one month.
Meanwhile, Nifty Auto index of which Ashok Leyland Ltd is a constituent, has slipped around 2.4% in last one month and is currently quoting at 10855.65, up 0.12% on the day. The volume in the stock stood at 336.08 lakh shares today, compared to the daily average of 390.2 lakh shares in last one month.
The benchmark August futures contract for the stock is quoting at Rs 125.3, up 4.42% on the day. Ashok Leyland Ltd is up 13.73% in last one year as compared to a 15.51% jump in NIFTY and a 0.52% jump in the Nifty Auto index.
The PE of the stock is 19.17 based on TTM earnings ending June 18.
