Ashok Leyland is currently trading at Rs. 17.10, up by 0.60 points or 3.64% from its previous closing of Rs. 16.50 on the BSE.
The scrip opened at Rs. 17.00 and has touched a high and low of Rs. 17.35 and Rs. 16.55 respectively. So far 27445751 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. 17.35 and Rs. 15.00 respectively. The current market cap of the company is Rs. 4616.27 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 is planning to roll-out three products, of which two are from its Light Commercial Vehicle (LCV) portfolio and one bus, to cash on the upcoming festival season. The company plans to launch Dost Express, a 13-seater passenger vehicle by October-end, followed by Dost Ambulance by November-end and a 27-seater Partner Bus a passenger vehicle in January 2014.
Recently, the company had launched a multipurpose vehicle ‘Stile’, with price starting from Rs 7.49 lakh (ex-showroom Delhi). This vehicle comes with a diesel engine and will cater to a wider customer base and range of transportation needs.
Ashok Leyland, the Hinduja Group flagship company in India, is engaged in the manufacturing of commercial vehicles and related components. The company’s products include buses, trucks, engines, defense and special vehicles.
