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Ashok Leyland gains on inaugurating cutting edge EV facility in Ennore plant

07 Sep 2018 Evaluate

Ashok Leyland is currently trading at Rs. 131.45, up by 1.70 points or 1.31% from its previous closing of Rs. 129.75 on the BSE.

The scrip opened at Rs. 130.50 and has touched a high and low of Rs. 132.20 and Rs. 129.95 respectively. So far 497883 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 167.50 on 08-May-2018 and a 52 week low of Rs. 105.20 on 19-Jul-2018.

Last one week high and low of the scrip stood at Rs. 135.10 and Rs. 124.60 respectively. The current market cap of the company is Rs. 38440.73 crore.

The promoters holding in the company stood at 51.13%, while Institutions and Non-Institutions held 33.66% and 15.13% respectively.

Ashok Leyland has inaugurated its cutting edge electric vehicle (EV) facility in Ennore plant, on its 70th Anniversary. It is India's first integrated facility for design, prototyping, testing, process prototyping and solutions design.

The in-house facilities include engineering, prototyping and testing for Motors, Battery Modules and Packs and a Power Electronics Lab. Keeping in mind the rapidly evolving and changing market and technology, it has been conceived as an in-house start-up facility in order to stay flexible and fast.

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.

Peers
Company Name CMP
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Ashok Leyland 149.35
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