Ashok Leyland is currently trading at Rs. 34.55, up by 0.65 points or 1.92% from its previous closing of Rs. 33.90 on the BSE.
The scrip opened at Rs. 34.00 and has touched a high and low of Rs. 34.90 and Rs. 33.75 respectively. So far 999182 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 35.75 on 26-May-2014 and a 52 week low of Rs. 11.82 on 29-Aug-2013.
Last one week high and low of the scrip stood at Rs. 34.90 and Rs. 32.10 respectively. The current market cap of the company is Rs. 9219.24 crore.
The promoters holding in the company stood at 41.52% while Institutions and Non-Institutions held 26.02% and 19.23% respectively.
Credit rating agency, CARE has assigned ‘A+/A1+’ rating to Ashok Leyland’s long/ short term bank facilities worth Rs 900 crore. The rating agency has also assigned ‘A1+’ rating to the company’s Commercial Paper worth Rs 600 crore.
The company has received the said ratings on the back of its long track record of operations with strong brand image & distribution network, strong market position in the domestic Medium and Heavy Commercial Vehicle (M&HCV) segment with leadership position in the passenger carrier segment, established presence in all sub-segments of the CV industry with successful entry into LCV segment, high degree of financial flexibility, well qualified and diversified Board of Directors and favourable long term growth prospects of the domestic CV 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.
