Ashok Leyland is currently trading at Rs. 47.15, up by 1.40 points or 3.06% from its previous closing of Rs. 45.75 on the BSE.
The scrip opened at Rs. 46.80 and has touched a high and low of Rs. 47.15 and Rs. 45.60 respectively. So far 390554 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 93.30 on 06-Jun-2019 and a 52 week low of Rs. 33.70 on 25-Mar-2020.
Last one week high and low of the scrip stood at Rs. 49.10 and Rs. 43.50 respectively. The current market cap of the company is Rs. 13430.04 crore.
The promoters holding in the company stood at 51.54%, while Institutions and Non-Institutions held 32.00% and 16.46% respectively.
Ashok Leyland has launched its range of Modular Trucks, AVTR, with iGen6 BSVI technology. The modular platform is a first of its kind in the Indian CV industry with multiple options of axle configurations, loading spans, cabins, suspensions, and drivetrains on a single platform for the entire range of Rigid trucks, Tippers and Tractors in the 18.5T to 55T category. This enables customers to configure vehicles that are bestsuited to their applications and business needs.
The AVTR platform gives the customers a choice to customise their product as per their requirements, which in turn will deliver better operational economics and customer delight. For the Company, it would mean faster turnaround along with better market coverage owing to virtually millions of combinations, for any kind of customer. The Modular platform also provides improved safety and better comfort for drivers, higher reliability and enhanced durability, and is supported by next Gen ialert fleet management system with remote diagnostics.
Ashok Leyland, the Hinduja Group flagship company in India, is engaged in the manufacturing of commercial vehicles and related components. The company’s products include buses, trucks, engines, defense and special vehicles.