Ashok Leyland rises on signing MoU with PNB
Ashok Leyland is currently trading at Rs. 140.35, up by 0.55 points or 0.39% from its previous closing of Rs. 139.80 on the BSE.
The scrip opened at Rs. 139.80 and has touched a high and low of Rs. 140.50 and Rs. 138.20 respectively. So far 190801 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 144.50 on 23-Sep-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. 143.65 and Rs. 138.20 respectively. The current market cap of the company is Rs. 82439.55 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 signed Memorandum of Understanding (MoU) with Punjab National Bank (PNB) for dealer finance. As per the MoU, the bank will provide competitive dealer finance options to the medium and heavy commercial vehicle company dealers.
PNB will offer customised financial products to Ashok Leyland dealers to support their working capital and inventory funding needs. This collaboration will provide comprehensive financing solutions with flexible and convenient options, helping its dealers manage their business more efficiently. Leveraging PNB's strong network across the country and competitive pricing, this initiative will further strengthen the company's reach and enable sustained growth for dealer ecosystem.
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.
