What to Do on ASHOK LEYLAND ? | UP 2.95% On INTERIM BUDGET DAY | Buy or Sell?

1. Ashok Leyland January sales rise 9% to 19,741 units.

Medium & heavy commercial vehicle sales, which majorly contributes to total sales, increased by 8 per cent to 14,694 units YoY including trucks growth of 9 per cent and bus 1 per cent YoY.

Commercial and defence vehicle maker Ashok Leyland has reported a 9 per cent on year growth in January sales at 19,741 units, driven by M&HCV trucks and LCV segments.

The company sold 18,100 vehicles during the same month last year.

Medium & heavy commercial vehicle sales, which majorly contributes to total sales, increased by 8 per cent to 14,694 units YoY including trucks growth of 9 per cent and bus 1 per cent YoY.

Ashok Leyland sold 5,047 units under light commercial vehicle segment, higher by 13 per cent against 4,458 units in January 2018.

At 12:27 hours IST, the stock was quoting at Rs 86.70, up Rs 5.40, or 6.64 per cent on the BSE

2. Ashok Leyland gains 2% on bus orders from STU; acquires an additional stake in Ashley Aviation: jan10

The company has acquired additional 5,00,010 shares of Rs 10 each constituting 12.50 per cent in the paid-up share capital of Ashley Aviation.

Shares of Ashok Leyland gained 2.7 per cent in the early trade on Thursday as company bagged an order to provide buses from state transports.

The company bagged orders from IRT (Institute of Road Transport, Chennai), UPSRTC (Uttar Pradesh State Roadways Transport Corporation) and CTU (Chandigarh Transport Undertaking) for 2580 buses.

These orders, are among the largest from STU's for a single OEM. All these buses can be delivered before March 2019.

Vinod K. Dasari, Managing Director, Ashok Leyland said, "We are very happy to receive the confirmation of these orders from State Transport Undertakings. Our ability to bring value, combined with our superior technology and innovation will help us maintain our leadership position in buses in India."

The company has acquired additional 5,00,010 shares of Rs 10 each constituting 12.50 per cent in the paid-up share capital of Ashley Aviation (AAL) for Rs 25,50,051. Post the said acquisition, the company's shareholding in AAL stands increased to 88.75 per cent.

The company has obtained the approval of the Ministry of Civil Aviation and proposes to acquire the balance equity shares held by individuals in AAL before March 31, 2019.

At 09:17 hrs Ashok Leyland was quoting at Rs 95.90, up Rs 1.50, or 1.59 per cent on the BSE.

3. Ashok Leyland bags orders for 2,580 buses

All these buses can be delivered before March 2019, Ashok Leyland said in a statement.

Hinduja group flagship firm Ashok Leyland said it has bagged orders for 2,580 buses from Institute of Road Transport, Chennai, Uttar Pradesh State Roadways Transport Corporation and Chandigarh Transport Undertaking.

All these buses can be delivered before March 2019, Ashok Leyland said in a statement.

"Our ability to bring value, combined with our superior technology and innovation will help us maintain our leadership position in buses in India," Ashok Leyland Managing Director Vinod K Dasari said.