Shares of Ashok Leyland (ALL) rose nearly 6% in Thursday’s trade on the BSE, with the stock closing at a four-year high of Rs 162.80 apiece, riding on the news of the company bagging a mega order for 1,400 school buses in UAE. The commercial vehicle major had closed at Rs 154 apiece on Tuesday. While the shares opened at Rs 155.90 on Thursday, the figure went up to Rs 163.45 before the close. The 55-seater Falcon bus and 32-seater Oyster bus will be supplied from ALL’s $50-million facility in Ras Al Khaimah, the UAE, the only certified local bus-making …
