Introduction:
Auto stock has clinched an impactful deal valued at approximately Rs. 345.58 crores to provide 1,475 BSVI Diesel Fuel Type Passenger Bus Chassis to the Tamil Nadu State Transport Corporation, enhancing its presence in the domestic transport sector.
Share Price movement of Ashok Leyland :
On Dec 13, Ashok Leyland Ltd (NSE:ASHOKLEY) stock has seen a movement from an opening price of ₹231.95 to a current price of ₹230.55, reaching an intraday high of ₹232.40 and a low of ₹225.74, reflecting a slight increase of 0.24% from the previous close of ₹230.
Ashok Leyland’s New Order:
Ashok Leyland Limited has secured a significant contract to supply 1,475 BSVI Diesel Fuel Type Passenger Bus Chassis to the Tamil Nadu State Transport Corporation. This contract was awarded following a standard tender process adhering to prudent business norms without any adverse terms.
The contract is domestic in nature, involving a total consideration of approximately Rs. 345.58 crores. It stipulates the delivery of bus chassis between December 2024 and May 2025, underscoring a substantial engagement for Ashok Leyland in the domestic transport sector.
There are no interests from the promoter, promoter group, or group companies in the entity that awarded the contract. The order was officially announced on December 12, 2024, at 15:34 hours, marking a key milestone in Ashok Leyland’s operational achievements.
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Recent news About Ashok Leyland:
On November 20, 2024, Ashok Leyland reported a Q2 consolidated net profit of ₹766.55 crore, up from ₹550.65 crore last year, with total income reaching ₹11,261.84 crore, indicating robust growth in its financial performance.
Stock performance of Ashok Leyland for Period of 1 week, 6 months and 1 year:
Ashok Leyland’s stock performance has shown mixed results over different periods. In the past week, it experienced a slight decline of 0.94%. Over the last six months, the stock decreased by 4.10%. However, on a brighter note, it gained 30.7% over the past year.
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Shareholding pattern of Ashok Leyland:
| All values in % | Sep-24 | Jun-24 | Mar-24 |
| Promoters | 51.52 | 51.52 | 51.52 |
| FII | 24.39 | 22.03 | 21.45 |
| DII | 12.34 | 14.12 | 12.23 |
| Retail & others | 11.73 | 12.31 | 14.79 |
About Ashok Leyland:
Ashok Leyland, a major player in India’s automotive industry, specializes in the production of commercial vehicles, including buses, trucks, and defense vehicles. Renowned for innovation and quality, the company is a key contributor to the transportation and logistics sector.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
