Ashok Leyland signs MOU with ELBIT systems, Stock Up

Ashok Leyland Limited (ALL) has inked a Memorandum of Understanding (MOU) with Israeli Elbit Systems to offer High Mobility vehicles for mounting Elbit Systems’ artillery guns & systems. The integrated systems are aimed for global export markets, ALL said today.

The Stock reacted positively with this development in trade Wednesday.  Around 1.00 pm Ashok Layland Limited stock price was quoting at Rs. 105.15 up 1.89 percent on the NSE, whose benchmark index Nifty trade at 10641-levels up 92 points. Same share price was quoted in the BSE too at the same time, but in percentage 2.24% up, when the BSE benchmark Sensex trade higher by 307 points at 35457-levels.