Ashok Leyland is currently trading at Rs. 70.20, up by 1.65 points or 2.41% from its previous closing of Rs. 68.55 on the BSE.
The scrip opened at Rs. 69.10 and has touched a high and low of Rs. 70.45 and Rs. 69.10 respectively. So far 352504 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. 73.25 and Rs. 66.15 respectively. The current market cap of the company is Rs. 20123.04 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 is planning to come up with multiple products for various segments as it aims to de-risk its business, which is currently skewed towards heavy and commercial vehicles. The company is all set to introduce a new range of light commercial vehicles (LCVs) later this month and is also looking at electric mobility and products for the defence sector to drive its future growth.
With a new range of LCVs and expertise in electric buses coming in handy, the company is now ready with ambitious plans for a major play in the international markets. The company has already upgraded its heavy commercial vehicles (AVTR) range earlier this year.
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.
