Ashok Leyland is currently trading at Rs. 47.55, up by 0.15 points or 0.32% from its previous closing of Rs. 47.40 on the BSE.
The scrip opened at Rs. 47.75 and has touched a high and low of Rs. 47.95 and Rs. 47.25 respectively. So far 518239 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 49.00 on 07-Nov-2014 and a 52 week low of Rs. 14.90 on 17-Feb-2014.
Last one week high and low of the scrip stood at Rs. 49.00 and Rs. 46.25 respectively. The current market cap of the company is Rs. 13560.60 crore.
The promoters holding in the company stood at 38.82 % while Institutions and Non-Institutions held 34.70 % and 14.10 % respectively.
Ashok Leyland is all set to sell its 2 non-core overseas units. In this regard, the company has appointed a merchant banker to look for buyers for its two foreign subsidiaries - Albonair GmbH, the German arm which works on reducing vehicle emissions, and Czech Republic-based Avia.
The company for the first time in the last six quarters has made an operating profit and is targeting one-third of its revenue from exports in the next three years. The company’s debt level was down to Rs 4,323 crore in September from Rs 4,700 crore in March 2014. Major portion of proceedings from the QIP was used to repay the debt and also the non-core assets proceeds were also used for the same purpose.
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.
| Company Name | CMP |
|---|---|
| Ashok Leyland | 170.00 |
| Force Motors | 20359.75 |
| Olectra Greentech | 1202.75 |
| Tata Motors | 423.85 |
| SML Mahindra | 3875.60 |
| View more.. | |
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