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Ashok Leyland is currently trading at Rs. 172.00, up by 0.70 points or 0.41% from its previous closing of Rs. 171.30 on the BSE.

The scrip opened at Rs. 171.30 and has touched a high and low of Rs. 172.95 and Rs. 169.85 respectively. So far 583914 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. 183.20 and Rs. 169.85 respectively. The current market cap of the company is Rs. 50574.79 crore.

The promoters holding in the company stood at 51.53%, while Institutions and Non-Institutions held 35.23% and 13.25% respectively.

Ashok Leyland has invested around Rs 536.73 crore in Optare Plc. UK by way of Equity shares in the second tranche. Consequent to the allotment by the Board of Directors of Optare Plc., the shareholding of the Company in Optare Plc. has increased from 92.19% to 92.59%. The objective of investment is for capital expenditure, R&D and meeting operational requirements of Optare Plc. and Switch Mobility - both in U.K. and India.

Optare Plc., U.K., subsidiary, is into the manufacture and sale of Commercial Vehicles. Optare Plc is the holding Company of the Electric Vehicle initiatives of the Company viz., Switch Mobility, U.K. and Switch Mobility Automotive.

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.