Ashok Leyland rises on investing Rs 18.66 crore in Prathama Solarconnect Energy
Ashok Leyland is currently trading at Rs. 130.85, up by 2.10 points or 1.63% from its previous closing of Rs. 128.75 on the BSE.
The scrip opened at Rs. 129.90 and has touched a high and low of Rs. 131.30 and Rs. 128.15 respectively. So far 367119 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 138.85 on 04-Feb-2021 and a 52 week low of Rs. 33.70 on 25-Mar-2020.
Last one week high and low of the scrip stood at Rs. 135.55 and Rs. 124.10 respectively. The current market cap of the company is Rs. 38337.99 crore.
The promoters holding in the company stood at 51.54%, while Institutions and Non-Institutions held 33.94% and 14.44% respectively.
Ashok Leyland has invested a total amount of Rs 18.66 crore constituting 26% in the paid-up share capital of Prathama Solarconnect Energy (PSEPL) for purchase of solar power at subsidised rate under Group Captive Scheme. PSEPL is engaged in solar power generation business.
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,a defense and special vehicles