New Delhi, Sept. 19 -- Commercial vehicle maker Ashok Leyland saw its shares rise for the fourth straight session on Friday, September 19, gaining another 3% to hit a new lifetime high of Rs.142.65 apiece, bringing the stock's September gain to 11% so far.

The company's shares, which were already flying high on Dalal Street, accelerated further after the company announced earlier this month that it will invest Rs.5,000 crore over the next ten years in the development of next-generation batteries for both automotive and non-automotive applications, including energy storage systems.

This aligns with the company's ambition to become a leading player in creating an electrification ecosystem in the country. To establish a localised battery s...