Ashok Leyland trades in green on signing MoU with Bank of Baroda for vehicle finance
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Ashok Leyland is currently trading at Rs. 120.55, up by 1.30 points or 1.09% from its previous closing of Rs. 119.25 on the BSE.
The scrip opened at Rs. 121.00 and has touched a high and low of Rs. 122.40 and Rs. 120.50 respectively. So far 430287 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 153.40 on 16-Nov-2021 and a 52 week low of Rs. 87.30 on 22-Dec-2020.
Last one week high and low of the scrip stood at Rs. 123.15 and Rs. 118.00 respectively. The current market cap of the company is Rs. 35651.98 crore.
The promoters holding in the company stood at 51.54%, while Institutions and Non-Institutions held 35.96% and 12.50% respectively.
Ashok Leyland has signed a Memorandum of Understanding (MoU) with public sector lender Bank of Baroda for vehicle finance. Under this partnership, Bank of Baroda will be able to provide end-to-end financial solutions to the customers of Ashok Leyland.
This tie-up opens up multiple opportunities for both institutions. The bank will finance Ashok Leyland's customers for the purchase of vehicles as well as provide any other financial services required by them.
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.
