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Ashok Leyland and Rico Auto may see increased action on expectation that Doktas may decide the potential buyer in the next few days. These two firms have bid for acquiring Doktas, the automobile castings company, a part of the $18.7-billion Turkish conglomerate Koc. Ashok Leyland is said to have bid for Doktas at $170 million to $185 million, whereas Rico is said to have put in bids at $165 million. Ashok Leyland is said to be the frontrunner for picking up the stake.

Both Ashok Leyland and Rico Auto closed marginally higher on Thursday.

K.S. Badri Narayanan

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