Ashok Leyland rides high on unveiling light commercial vehicle`Saathi`
Ashok Leyland is currently trading at Rs. 207.20, up by 0.55 points or 0.27% from its previous closing of Rs. 206.65 on the BSE.
The scrip opened at Rs. 207.35 and has touched a high and low of Rs. 208.00 and Rs. 205.10 respectively. So far 172911 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 264.70 on 27-Aug-2024 and a 52 week low of Rs. 157.65 on 14-Mar-2024.
Last one week high and low of the scrip stood at Rs. 212.30 and Rs. 201.85 respectively. The current market cap of the company is Rs. 60844.85 crore.
The promoters holding in the company stood at 51.52%, while Institutions and Non-Institutions held 37.21% and 11.28% respectively.
Ashok Leyland has unveiled entry-level Light Commercial Vehicle Saathi at Bharat Mobility Global Expo, strengthening its play in the segment. Saathi is built on advanced LNT technology, with 45 HP and torque 110 Nm(newton meters) and has 24% larger loading area with a payload capacity of 1,120 kg.
The company has also presented GARUD 15, a multi-axle, front-engine 15-meter fully-built premium bus, a first in the country. It is designed specifically for long-distance intercity travel for India’s diverse road conditions, with 42 sleeper berths.
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.
