Ashok Leyland gains on new order

Ashok Leyland rose 1.7% to Rs 23.90 at 9:21am on BSE after the company bagged a contract worth $50 million from Zimbabwe

Ashok Leyland was up 1.7% at Rs 23.90 levels in early deals on the Bombay Stock Exchange (BSE) after the second largest commercial vehicle maker said it has bagged a contract worth $50 million approx from the Ministry of Tourism & Hospitality Industry, Zimbabwe for supplying 670 vehicles.

The announcement was made after market hours on Wednesday, 2 April 2014.

Meanwhile, the S&P BSE Sensex was down 6.32 points or 0.03% at 22,545.17.

On BSE, so far 2.19 lakh shares were traded in the counter as against average daily volume of 47.80 lakh shares in the past two weeks.

The stock hit a high of Rs 24.05 and a low of Rs 23.80 so far during the day.

 

Ashok Leyland reported a net loss of Rs 167.21 crore in Q3 December 2013 compared with net profit of Rs 74.14 crore in Q3 December 2012. Net sales declined 19% to 1903.28 crore in Q3 December 2013 over Q3 December 2012.