Ashok Leyland is currently trading at Rs. 17.00, up by 0.45 points or 2.72% from its previous closing of Rs. 16.55 on the BSE.
The scrip opened at Rs. 16.55 and has touched a high and low of Rs. 17.05 and Rs. 16.45 respectively. So far 377356 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. 17.45 and Rs. 15.45 respectively. The current market cap of the company is Rs. 4456.63 crore.
The promoters holding in the company stood at 38.61% while Institutions and Non-Institutions held 28.38% and 19.77% respectively.
Ashok Leyland has unveiled its new vehicle ‘Boss’ to strengthen its presence in the intermediate commercial vehicle (ICV) segment. Boss is launched in 9.6 tonne, 12 tonne and 13 tonne variants and soon 8 tonne and 16 tonne variants will follow. The products come in two variants - LE and LX.
The new product is expected to help the company to partially tide over the decline in sales, thanks to first of its kind features in the product. The company reported a 22% drop in its April-September sales to 44,841 units as compared to 57,324 units sold in the same period last year.
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.
