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Ashok Leyland in demand on plan to foray into aerospace business

30 Mar 2012 Evaluate

Ashok Leyland is currently trading at Rs. 29.60, up by 0.65 points or 2.25% from its previous closing of Rs. 28.95 on the BSE.

The scrip opened at Rs. 29.00 and has touched a high and low of Rs. 29.95 and Rs. 29.00 respectively. So far 368633 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 30.50 on 17-Feb-2012 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. 29.95 and Rs. 28.40 respectively. The current market cap of the company is Rs. 7902.21 crore.

The promoters holding in the company stood at 38.61% while Institutions and Non-Institutions held 31.41% and 16.55% respectively. 

Hinduja group firm Ashok Leyland is planning to foray into aerospace business, both defence and civilian. In this regard, the company is in talks with foreign players for technology partnership. The nature of the association whether it will be an equity partnership or a joint venture will depend on the kind of products we want to develop.

The company is looking at both civilian as well as defence sector for foraying into the business.

The company has showcased 6x6 and 8x8 defence logistics truck at the Expo. The group has formed a new company -- Ashok Leyland Defence System -- to pursue its interest in the sector.

Ashok Leyland is the flagship of the Hinduja Group and a leading manufacturer of commercial vehicles in India.

Ashok Leyland Share Price

170.70 2.80 (1.67%)
07-May-2026 16:59 View Price Chart
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Ashok Leyland 170.70
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