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Ashok Leyland strengthens on unveiling commercial vehicle ‘BOSS’

16 Sep 2013 Evaluate

Ashok Leyland is currently trading at Rs. 13.48, up by 0.15 points or 1.13% from its previous closing of Rs. 13.33 on the BSE.

The scrip opened at Rs. 13.60 and has touched a high and low of Rs. 13.85 and Rs. 13.46 respectively. So far 773433 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 28.70 on 03-Dec-2012 and a 52 week low of Rs. 11.82 on 29-Aug-2013.

Last one week high and low of the scrip stood at Rs. 14.15 and Rs. 13.05 respectively. The current market cap of the company is Rs. 3597.23 crore.

The promoters holding in the company stood at 38.61% while Institutions and Non-Institutions held 29.88% and 18.09% respectively.

Ashok Leyland, the Hinduja Group flagship company in India, has launched its next generation intermediate commercial vehicle ‘BOSS’. The product will be manufactured at the company’s plant in Pantnagar, Uttarakhand and will be available in LE and LX variants. The BOSS LE is fitted with a 120 HP H-series BS3 engine with an in-line fuel injection pump - an industry first - and a 6-speed overdrive gearbox that delivers superior mileage.

The BOSS LX has another industry-first - an Automated Manual Transmission - that eliminates the need for clutch operation and gear-shifting. Equipped with a powerful 130 HP common rail engine, the LX comes with factory-fitted air-conditioning. Moerover, the company will deliver the vehicles to its customers with ‘Zero’ Km reading through the truck-on-truck transportation mode to ensure quality.

Peers
Company Name CMP
Tata Motors 426.75
Ashok Leyland 153.00
Force Motors 16600.00
Olectra Greentech 1078.55
SML Mahindra 6359.45
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