Meanwhile, the BSE Sensex was up 188.26 points or 1.14% to 16,642.56.

On BSE, 4.73 lakh shares were traded in the counter as against average daily volume of 8.78 lakh shares in the past one quarter.

The stock hit a high of Rs 26.55 and a low of Rs 26.05 so far during the day. The stock had hit a 52-week high of Rs 32.90 on 2 May 2012. The stock had hit a 52-week low of Rs 20.05 on 22 December 2011.

The stock had underperformed the market over the past one month till 6 June 2012, falling 8.27% compared with the Sensex's 2.24% fall. The scrip had also underperformed the market in past one quarter, declining 6.46% as against Sensex's 4.19% decline.

The mid-cap commercial vehicles maker has an equity capital of Rs 266.07 crore. Face value per share is Re 1.

The Ashok Leyland stock has rallied 4.55% in two trading sessions from Rs 25.25 on 5 June 2012, after the company during trading hours on Wednesday, 6 June 2012 said it has secured an order worth $6 million for 50 Vestibule buses from the Bangladesh Road Transport Corporation (BRTC). The stock had risen 3.16% to settle at Rs 26.05 on Wednesday, 6 June 2012.

Ashok Leyland secured an order for 50 Vestibule buses from the BRTC under the Indian Line of Credit (LoC) scheme offered for the improvement of urban transportation in Bangladesh. This represents the company's first order for such buses from an overseas market, Ashok Leyland said in a statement.

Ashok Leyland's net profit fell 13.2% to Rs 258.74 crore on 11.1% growth in net sales to Rs 4235.82 crore in Q4 March 2012 over Q4 March 2011.

Ashok Leyland, the flagship of the Hinduja Group, is the second largest maker of commercial vehicles in India after Tata Motors.