Ashok Leyland is currently trading at Rs. 23.30, up by 0.25 points or 1.08% from its previous closing of Rs. 23.05 on the BSE.
The scrip opened at Rs. 23.20 and has touched a high and low of Rs. 23.45 and Rs. 23.15 respectively. So far 230270 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. 23.75 and Rs. 22.30 respectively. The current market cap of the company is Rs. 6172.77 crore.
The promoters holding in the company stood at 38.61% while Institutions and Non-Institutions held 30.60% and 17.36% respectively.
Ashok Leyland, Hinduja flagship company is planning to roll-out the Avia range of trucks in India by July. The automaker is also getting ready to introduce a range of new products, expecting a revival of market in the second half of next fiscal. The Avia trucks will be launched from the company's manufacturing plant at Pant Nagar in Uttarakhand.
The company had acquired the Avia Truck Business Unit, a leading vehicle manufacturer in Europe in 2006, at an estimated cost of around $35 million and helped it expand in global markets, and also improve product portfolio. It was later rechristened as AVIA Ashok Leyland Motors and at present it produces a class of trucks with gross vehicle weights of 6.5 to 12 tonne.
