Ashok Leyland rides high on inking MoU with IDBI Bank
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Ashok Leyland is currently trading at Rs. 164.15, up by 0.30 points or 0.18% from its previous closing of Rs. 163.85 on the BSE.
The scrip opened at Rs. 163.90 and has touched a high and low of Rs. 166.15 and Rs. 163.25 respectively. So far 366123 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 170.50 on 20-Jun-2023 and a 52 week low of Rs. 132.50 on 22-Jun-2022.
Last one week high and low of the scrip stood at Rs. 170.50 and Rs. 158.35 respectively. The current market cap of the company is Rs. 48211.21 crore.
The promoters holding in the company stood at 51.53%, while Institutions and Non-Institutions held 37.09% and 11.38% respectively.
Ashok Leyland has signed a Memorandum of Understanding (MoU) with IDBI Bank, under which the partners will offer customised financial solutions for dealers. With the combined strength of IDBI Bank and Ashok Leyland (AL), the network of AL dealers will now have financing solutions to suit their needs using digital technology.
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.
