{"id":5457,"date":"2024-12-13T10:04:20","date_gmt":"2024-12-13T04:34:20","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=5457"},"modified":"2024-12-13T10:04:22","modified_gmt":"2024-12-13T04:34:22","slug":"ashok-leyland-bags-rs-345-58-crore-order-but-shares-dip-slightly","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/ashok-leyland-bags-rs-345-58-crore-order-but-shares-dip-slightly\/","title":{"rendered":"Ashok Leyland Bags Rs 345.58 Crore Order but Shares Dip Slightly"},"content":{"rendered":"\n<p>Ashok Leyland shares dipped marginally in early trade on December 13, despite securing a substantial order worth Rs 345.58 crore from the Tamil Nadu State Transport Corporation (TNSTC).<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Details of the Order<\/h3>\n\n\n\n<p>The order involves the supply of <strong>1,475 BS-VI diesel passenger bus chassis<\/strong> to TNSTC. Deliveries are scheduled between December 2024 and May 2025. This large order reinforces Ashok Leyland\u2019s strong foothold in the public transportation segment.<\/p>\n\n\n\n<p>At 9:33 am, the stock was trading at Rs 228.75 on the BSE, down 0.48%.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Other Updates<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Subsidiary Closure:<\/strong> Ashok Leyland&#8217;s step-down subsidiary, LLC Ashok Leyland Russia, has been voluntarily liquidated as part of restructuring efforts.<\/li>\n\n\n\n<li><strong>EV Push by Switch Mobility:<\/strong> The company\u2019s electric vehicle (EV) arm, Switch Mobility, is focusing on building battery packs, motors, and other critical EV components in-house to meet the rising demand for electric buses in India.<\/li>\n\n\n\n<li><strong>Strong Performance:<\/strong>\n<ul class=\"wp-block-list\">\n<li>Ashok Leyland reported a <strong>37% jump in net profit<\/strong> to Rs 770 crore for the quarter ending September 30, 2024.<\/li>\n\n\n\n<li>November sales rose marginally by 1% to 14,137 units.<\/li>\n\n\n\n<li>In October, its subsidiary, OHM Global Mobility, secured an order for <strong>500 ultra-low floor electric buses<\/strong> for Chennai\u2019s Metropolitan Transport Corporation.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Market Sentiment<\/h3>\n\n\n\n<p>The marginal decline in Ashok Leyland\u2019s share price might reflect profit booking or market caution, despite its strong order pipeline and consistent growth. Analysts expect the company&#8217;s focus on electric vehicles and large government orders to bolster its performance in the long term.<\/p>\n\n\n\n<p>Do you have a news tip for Lakshmishree reporters? Please email us at <a>media@lakshmishree.com<\/a><\/p>\n\n\n\n<p><sub><sup>Source: <a href=\"https:\/\/www.moneycontrol.com\/news\/business\/stocks\/ashok-leyland-shares-in-focus-on-winning-order-worth-rs-345-58-crore-12888965.html\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.moneycontrol.com\/news\/business\/stocks\/ashok-leyland-shares-in-focus-on-winning-order-worth-rs-345-58-crore-12888965.html\" rel=\"noreferrer noopener nofollow\">Moneycontrol<\/a><\/sup><\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ashok Leyland shares dipped marginally in early trade on December 13, despite securing a substantial order worth Rs 345.58 crore from the Tamil Nadu State Transport Corporation (TNSTC). Details of the Order The order involves the supply of 1,475 BS-VI diesel passenger bus chassis to TNSTC. Deliveries are scheduled between December 2024 and May 2025. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5459,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[801],"class_list":["post-5457","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-ashok-leyland-order"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5457","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=5457"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5457\/revisions"}],"predecessor-version":[{"id":5460,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5457\/revisions\/5460"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/5459"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=5457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=5457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=5457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}