Ashok Leyland is currently trading at Rs. 86.95, up by 0.50 points or 0.58% from its previous closing of Rs. 86.45 on the BSE.
The scrip opened at Rs. 86.90 and has touched a high and low of Rs. 87.40 and Rs. 86.30 respectively. So far 9481986 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 112.80 on 13-Apr-2016 and a 52 week low of Rs. 73.60 on 22-Nov-2016.
Last one week high and low of the scrip stood at Rs. 88.35 and Rs. 85.50 respectively. The current market cap of the company is Rs. 24787.59 crore.
The promoters holding in the company stood at 50.38%, while institutions and non-institutions held 20.83% and 28.79% respectively.
Ashok Leyland is reportedly planning to invest around Rs 400 crore to develop new light commercial vehicles (LCVs) within the next two years. The company, which had last year parted ways with Nissan after a tumultuous relationship, is now looking to make up for the lost time, eyeing export markets with new models to be developed on two new platforms. In order to accelerate product development, the company is also re-hiring a number of employees who had left the erstwhile joint ventures with Nissan.
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.
