Ashok Leyland rides higher on 1,666-bus order from Tamil Nadu

After receiving a 1,666 bus order from the Tamil Nadu state transport undertakings, 

Ashok Leyland gained more than 1% in the morning trade on October 16। 

Even as equity benchmarks the Nifty and the Sensex traded lower

the stock was trading at Rs 177.60 on the National Stock Exchange, a 1% higher from the previous day।

the auto major said that with over 18,000 buses, which account for 90 percent of their fleet

it has been the preferred brand of Tamil Nadu state transport organizations।

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