Ashok Leyland is currently trading at Rs. 86.10, up by 0.90 points or 1.06% from its previous closing of Rs. 85.20 on the BSE.
The scrip opened at Rs. 85.90 and has touched a high and low of Rs. 86.85 and Rs. 85.70 respectively. So far 419569 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 111.65 on 01-Jun-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. 86.85 and Rs. 81.00 respectively. The current market cap of the company is Rs. 24389.16 crore.
The promoters holding in the company stood at 50.38%, while Institutions and Non-Institutions held 27.68% and 21.86% respectively.
Ashok Leyland is reportedly planning to grow its defence business to Rs 5,000 crore from existing Rs 500 crore in the coming years. The company has developed capablities to bid for 20-25 per cent of the tenders of the Indian Army as against 1% earlier.
The company has bagged tenders for mine protected vehicles and bullet proof vehicles from the security agencies and targets threefold business increase from its defence vertical.
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.
