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Ashok Leyland rises on plan to introduce Neptune engines

22 Aug 2012 Evaluate

Ashok Leyland is currently trading at Rs. 22.10, up by 0.10 points or 0.45% from its previous closing of Rs. 22.00 on the BSE.

The scrip opened at Rs. 22.00 and has touched a high and low of Rs. 22.30 and Rs. 21.90 respectively. So far 357502 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. 23.05 and Rs. 21.90 respectively. The current market cap of the company is Rs. 5880.10 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, Hinduja Group’s flagship company is planning to introduce completely electronically governed Neptune engines, which was globally benchmarked for lower operating costs.  The company will feature new Neptune engine in its U-Truck platform.

These new low-friction and high torque Neptune engines will offer lower operating costs, longer life and better comfort. The engines will develop with technical assistance from AVL, an Austrian power train and combustion expert design house. They range from 160 to 380 HP and are entirely CRS electronic.

The company has registered a fall of 22.42% in its net profit at Rs 66.94 crore for first quarter ended June 30, 2012 as compared to Rs 86.29 crore for the same quarter in the previous year. However, the total income from operation of the company has increased by 19.69% at Rs 3007.35 crore for Q1FY13 as compared Rs 2512.70 crore for the corresponding quarter previous year

Ashok Leyland Share Price

176.65 0.90 (0.51%)
21-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Ashok Leyland 176.65
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