Ashok Leyland rises on partnering with CSB Bank
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Ashok Leyland is currently trading at Rs. 184.05, up by 0.35 points or 0.19% from its previous closing of Rs. 183.70 on the BSE.
The scrip opened at Rs. 184.45 and has touched a high and low of Rs. 185.30 and Rs. 181.15 respectively. So far 233649 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 191.45 on 16-Aug-2023 and a 52 week low of Rs. 133.10 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 191.00 and Rs. 182.05 respectively. The current market cap of the company is Rs. 53995.38 crore.
The promoters holding in the company stood at 51.53%, while Institutions and Non-Institutions held 37.44% and 11.01% respectively.
Ashok Leyland has partnered with CSB Bank for offering vehicle financing solutions to its customers. The two companies have signed a Memorandum of Understanding and the partnership will enable them to offer customised financial solutions to the automaker's customers.
The partnership with CSB Bank will benefit customers with financial products, which are specifically tailored for a hassle-free experience. Through its vast network of dealerships, it will be able to provide the best financial solutions to its wide range of commercial vehicle customers.
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.
