Ashok Leyland is currently trading at Rs. 24.50, down by 0.50 points or 2.00% from its previous closing of Rs. 25.00 on the BSE.
The scrip opened at Rs. 24.90 and has touched a high and low of Rs. 24.90 and Rs. 24.25 respectively. So far 839899 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. 20.25 on 30-Aug-2012.
Last one week high and low of the scrip stood at Rs. 27.20 and Rs. 24.95 respectively. The current market cap of the company is Rs. 6531.96 crore.
The promoters holding in the company stood at 38.61% while Institutions and Non-Institutions held 30.60% and 17.36% respectively.
Truck maker, Ashok Leyland’s loans division Hinduja Leyland Finance, is planning to expand aggressively in two-wheeler financing, a segment that has seen the exit of several biggies because of the high default rates and thin margins. The company believes that, two-wheeler financing is a transaction driven business and is confident of managing the transaction costs, both operating and credit costs.
As against other segments, it is extremely difficult to track down a defaulter and-unlike car financing-laws don't allow banks to repossess vehicles for non-payment of dues, but Hinduja Leyland is convinced about its prospects.
