Ashok Leyland, flagship of the Hinduja Group, and India's largest Bus manufacturer, confirmed that it bagged an order from TN STU (Tamil Nadu State Transport Undertakings) for 1750 buses. This order comes closely on the back of orders received from various state transport undertakings recently.
Ashok Leyland is currently the 4th largest manufacturer of buses in the world and India's largest bus manufacturer. This order would further consolidate its leadership position.
Ashok Leyland Ltd is currently trading at Rs82.80 up by Rs2.05 or 2.54% from its previous closing of Rs80.75 on the BSE.
The scrip opened at Rs83.30 and has touched a high and low of Rs83.40 and Rs80.80 respectively. So far 1,37,24,062 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs23,704.38cr.
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