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Ashok Leyland rises on inking pact with Tamilnad Mercantile Bank

02 Jan 2012 Evaluate

Ashok Leyland is currently trading at Rs 23.00, up by 0.25 points or 1.10% from its previous closing of Rs 22.75 on the BSE.

The scrip opened at Rs 23.00 and has touched a high and low of Rs 23.25 and Rs 22.85 respectively. So far 60526 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 34.35 on 05-Jan-2011 and a 52 week low of Rs 20.05 on 22-Dec-2011.

Last one week high and low of the scrip stood at Rs 24.00 and Rs 21.90 respectively. The current market cap of the company is Rs 6092.95 crore.

The promoters holding in the company stood at 38.61% while Institutions and Non-Institutions held 31.58% and 16.38% respectively.

Hinduja Group’s flagship company Ashok Leyland has inked pact with Tamilnad Mercantile Bank for financing commercial vehicles. The deal has been signed by the K B Nagendra Murthy, General Manager (Credit), on behalf of the bank, while Srinivasan Anand, Head Sales-Financing, signed on behalf of Ashok Leyland in Chennai .

As per the agreement, the bank sanctioned Rs 8 crore to its customers towards vehicle finance on day one of the tie-up and is hoping to market the products aggressively.

Ashok Leyland has reported 53.36 percent jump in commercial vehicle sales at 7,878 units in November. The company had sold 5,137 units in the same month of 2010. The company’s domestic sales were 6,477 units in November, as against 3,885 units in the same month of the previous year, up 66.72 percent. The exports increased 11.90% to 1,401 units last month from 1,252 units in the year-ago period.

Ashok Leyland Share Price

174.75 -1.90 (-1.08%)
17-Apr-2026 16:59 View Price Chart
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