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Ashok Leyland gains on expanding digital solutions, digital marketplace for CVs

  • bitnet infotech
  • July 28, 2020
  • 5:40 am

Ashok Leyland is currently trading at Rs. 50.05, up by 0.75 points or 1.52% from its previous closing of Rs. 49.30 on the BSE.

The scrip opened at Rs. 49.35 and has touched a high and low of Rs. 50.80 and Rs. 49.35 respectively. So far 299977 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 87.50 on 24-Jan-2020 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. 52.80 and Rs. 48.85 respectively. The current market cap of the company is Rs. 14751.02 crore.

The promoters holding in the company stood at 51.54%, while Institutions and Non-Institutions held 29.65% and 18.73% respectively.

Ashok Leyland has expanded its digital solutions, digital marketplace for commercial vehicles (CVs) and also showcased the next generation solutions DigitAL Nxt. It would help customers in vehicle tracing and tracking, fuel management, service due reminders and quick reactive support, among others.

DigitAL Nxt comprises iAlert 3.0, AL Cares and Uptime Solution Centre. It will empower customers to better manage their business and enhance profitability. This will ensure that the customer enjoys the highest uptime with company’s vehicles and these solutions are unparalleled in the industry.

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.

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