Ashok Leyland rises on inking pact with FAMCO Qatar
Ashok Leyland is currently trading at Rs. 146.00, up by 0.60 points or 0.41% from its previous closing of Rs. 145.40 on the BSE.
The scrip opened at Rs. 146.45 and has touched a high and low of Rs. 146.85 and Rs. 144.90 respectively. So far 204990 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 153.00 on 14-Nov-2025 and a 52 week low of Rs. 95.20 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 153.00 and Rs. 144.90 respectively. The current market cap of the company is Rs. 85758.28 crore.
The promoters holding in the company stood at 51.51%, while Institutions and Non-Institutions held 37.98% and 10.50% respectively.
Ashok Leyland has partnered with Qatar-based Al-Futtaim Group's firm FAMCO Qatar to strengthen presence in the country off the Persian Gulf as part of its overseas expansion plans. The move builds on Ashok Leyland's expansion into Saudi Arabia with FAMCO KSA last year, reinforcing the strong strategic alliance between Al-Futtaim and Ashok Leyland.
Through its partnership with FAMCO Qatar, Ashok Leyland will introduce its full commercial vehicle range, including the new electric bus, tailored to the needs of local businesses and communities. The comprehensive product portfolio includes the flagship 'Falcon' and 'Oyster' buses, along with the versatile 'Boss' and 'Partner' light and medium-duty trucks. The partnership leverages Al-Futtaim's strong regional network to deliver reliable fleet and after-sales support.
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.
