Ashok Leyland Receives More Than One Defense Order Worth More Than Seven Hundred Crore Rupees.
Ashok Leyland Ltd. on friday introduced that its defense commercial enterprise secured a couple of orders well worth greater than Rs seven hundred crore.
The cars to be furnished underneath those orders will fulfill the needs of troop transportation, logistics, and different specialized mobility necessities beneath the Close-In Weapon
Structures Program, according to a corporation assertion.
The awarded contracts encompass a diverse variety of specialized automobiles, together with the Stallion 4x4, Stallion 6x6, Quick Chassis Bus, and Mobility
Machine traveling platform to be brought to the indian military.
"Those motors integrate superior reliability with exceptional off-road capability, ensuring seamless manoeuvrability across the U.S.A.'s most demanding terrains, meeting a selection of operational requirements," the assertion said.
The Hinduja institution company is the most important dealer of logistics automobiles to the military.
Ashok Leyland's proportion price was trading with a 0.9 percent decrease at Rs 206.73 apiece as of 10:45 a.m., as compared to a 0.16 percent enhancement inside the NSE Nifty 50.
The stock rose 21% in 12 months and declined 6% year-to-date. The relative energy index changed to forty.
Out of forty-four analysts tracking the employer, 36 maintain a 'buy' rating, 4 endorse a 'preserve,' and four recommend 'promote,' in step with Bloomberg facts. The average 12-month analysts' consensus price target implies an upside of twenty-two percent.
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