Ashok Leyland rises on earmarking investments of Rs 1,200 crore in Tamil Nadu over next 3 to 5 years
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Ashok Leyland is currently trading at Rs. 178.85, up by 0.70 points or 0.39% from its previous closing of Rs. 178.15 on the BSE.
The scrip opened at Rs. 179.65 and has touched a high and low of Rs. 180.45 and Rs. 178.15 respectively. So far 368596 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. 182.10 and Rs. 177.65 respectively. The current market cap of the company is Rs. 52527.32 crore.
The promoters holding in the company stood at 51.53%, while Institutions and Non-Institutions held 36.81% and 11.67% respectively.
Ashok Leyland has earmarked investments of Rs 1,200 crore in Tamil Nadu, for taking up overall business expansion over the next three to five years. The investment of Rs 1,200 crore is assigned for strategic initiatives to drive innovation, technological advancements and overall business expansion.
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.
