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Ashok Leyland shines on plan to sign three overseas joint ventures this year

30 Jul 2012 Evaluate

Ashok Leyland is currently trading at Rs. 21.70, up by 0.40 points or 1.88% from its previous closing of Rs. 21.30 on the BSE.

The scrip opened at Rs. 21.60 and has touched a high and low of Rs. 21.75 and Rs. 21.45 respectively. So far 350604 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 32.90 on 02-May-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. 24.05 and Rs. 21.15 respectively. The current market cap of the company is Rs. 5733.76 crore.

The promoters holding in the company stood at 38.61% while Institutions and Non-Institutions held 29.89% and 18.07% respectively. 

Ashok Leyland, India’s second-biggest maker of trucks and buses is likely to sign at least three overseas joint ventures in the next two to three months. The company is planning to do so for consolidating its presence in new geographies. It is in the final stages of inking joint ventures in Indonesia, Chile and Nigeria, keeping the majority holding in each of these partnerships.

The company will be exporting the kits and foreign partners will be responsible for assembling and marketing the buses and trucks. It aims to sell 15,000 vehicles in the global market, this year. Last fiscal, the company sold 12,800 buses overseas, notching up revenue of Rs 1,500 crore, which was 15 per cent of its total turnover. This year the target is Rs 1,700 crore, with the company expecting the new joint ventures to give a significant push to its overseas sales.

Ashok Leyland Share Price

160.70 -1.40 (-0.86%)
04-May-2026 16:59 View Price Chart
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Ashok Leyland 160.70
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