Today, 18 July 2023, the stock price of Ashok Leyland increased by 0.84%. The stock finished the day at 172.4 cents a share. The share price is now 173.85 cents. Investors should keep a careful eye on the Ashok Leyland stock price in the following days and weeks to see how it reacts to the news.
On the last day of trading, Ashok Leyland’s shares opened at 172.05 rupees. The stock finished the day at 171.7, with a high of 174.7 and a low of 172. The company’s market capitalisation is 50,618.83 crore. The stock’s 52-week high is 173.85, while its 52-week low is 133.1. The stock’s BSE volume was 760,981 shares.
On July 17, Ashok Leyland’s share price reached a 52-week high of Rs 174.60, increasing over 2% intraday after obtaining a big order worth Rs 800 crores in the defence industry.
Contracts were also issued for the acquisition of the Field Artillery Tractor (FAT 4×4) and the Gun Towing Vehicle (GTV 6×6).
The Artillery uses the FAT 4×4 and GTV 6×6 specialised trucks to haul light and medium weapons, respectively. Both of these platforms were extensively highlighted in the Government of India’s inaugural positive indigenization list.
According to an exchange filing, Ashok Leyland’s selection for these critical defence contracts demonstrates the company’s dedication to indigenous production and its position as a valued partner for the Indian Armed Forces.
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“We are extremely pleased to have received these orders from the Indian Army.” The Defence business has been a significant pillar of development for us, and this award solidifies our leadership in the Defence mobility vehicles market. This also demonstrates Ashok Leyland’s steadfast commitment to providing innovative mobility solutions for our military forces, said Shenu Agarwal, MD and CEO.
“We are grateful for the Government of India’s trust in Ashok Leyland, and we remain committed to contributing to the country’s indigenization efforts and self-reliance in defensive manufacturing,” Agarwal added.
Over the next 12 months, Ashok Leyland will painstakingly supply these cutting-edge vehicles to suit the Indian Army’s requirements.
Ashok Leyland was trading at Rs 173.90 at 11:48 a.m., up Rs 2.20, or 1.28 per cent.
