Ashok Leyland shares has extended Tuesday's rally on Wednesday. The company has bagged orders for 4000 buses from State Transport Undertakings (STUs). The company is the largest recipient of orders for buses under JNNURM-II scheme worth nearly Rs 15 billion.
A total of 22 STUs across the country including Calcutta State Transport Corporation (CSTC), Bangalore Metropolitan Transport Corporation (BMTC), Andhra Pradesh State Road Transportation Corporation (APSRTC), Jaipur City Transport Services (JCTSL) and Pune Mahannagar Parivahan Mahamandal (PMPML) have played large orders on the company.
Shares of the company are trading at Rs 41.75, up Rs 1.05, or 2.58% at the Bombay Stock Exchange (BSE) on Wednesday at 1:26 p.m.
The scrip has touched an intra-day high of Rs 42.15 and low of Rs 39.75. The total volume of shares traded at the BSE is 2,650,773.