Ashok Leyland is currently trading at Rs. 24.85, up by 0.05 points or 0.20% from its previous closing of Rs. 24.80 on the BSE.
The scrip opened at Rs. 24.95 and has touched a high and low of Rs. 25.10 and Rs. 24.80 respectively. So far 153564 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. 25.70 and Rs. 22.25 respectively. The current market cap of the company is Rs. 6611.78 crore.
The promoters holding in the company stood at 38.61% while Institutions and Non-Institutions held 30.60% and 17.36% respectively.
Commercial vehicle major Ashok Leyland is planning to add higher tonnage of its LCV product in its portfolio, followed by passenger and Compressed Natural Gas (CNG) versions. The company is also planning to ramp up its LCV production by over 30% and will invest about Rs 500 crore in next two fiscals for the same.
These launches will be before the new green field facility at Pillaipakkam goes on stream. The JV partners, Ashok Leyland and Nissan, is setting up the greenfield facility at a cost of around Rs 4,150 crore, near Chennai and it expects to go on stream in the fiscal 2016.
Earlier in 2011, Ashok Leyland entered into LCV segment by collaborating with the Japanese automajor Nissan with 51% holding in the JV. The first product was launched by Ashok Leyland in September 2011 and was branded as -- Dost.
At present, the company’s Hosur facility can produce 55,000 units of Dost, while its joint venture partner Nissan’s facility at Oragadam can produce around 44,000 units.
| Company Name | CMP |
|---|---|
| Ashok Leyland | 176.65 |
| Force Motors | 22127.40 |
| Olectra Greentech | 1206.45 |
| Tata Motors | 435.90 |
| SML Mahindra | 4256.10 |
| View more.. | |
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