Ashok Leyland surges on aiming to set up more assembly plants in CIS countries, Africa

Ashok Leyland Ltd. | Automobiles-Trucks/Lcv | Automobiles | BSE: 500477 | NSE: ASHOKLEY

09 Apr 2019 Evaluate

Ashok Leyland is currently trading at Rs. 90.30, up by 3.10 points or 3.56% from its previous closing of Rs. 87.20 on the BSE.

The scrip opened at Rs. 87.90 and has touched a high and low of Rs. 90.40 and Rs. 86.30 respectively. So far 1790171 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. 77.50 on 18-Feb-2019.

Last one week high and low of the scrip stood at Rs. 90.95 and Rs. 86.30 respectively. The current market cap of the company is Rs. 26346.36 crore.

The promoters holding in the company stood at 51.12%, while Institutions and Non-Institutions held 31.09% and 17.79% respectively.

Ashok Leyland is aiming to set up more assembly plants overseas, including the CIS region and African countries, as part of plans to scale up its global operations. The company is banking on its new range of medium and heavy commercial vehicles (M&HCV) and light commercial vehicles (LCVs) to help it enter new regions beyond its traditional stronghold such as the Middle East, SAARC countries and pockets of Africa.

The company in process of developing a new modular platform on which it plans to roll out its future medium and heavy products from next year. Currently, the company has manufacturing operations across nine countries, including the UAE, Bangladesh, Sri Lanka, Nigeria and the UK.

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.

Ashok Leyland Share Price

168.65 -2.05 (-1.20%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Ashok Leyland	168.65
Force Motors	20878.00
Olectra Greentech	1340.60
Tata Motors	431.10
SML Mahindra	3800.40
View more..

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