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25-11-2024 10:11 AM | Source: Accord Fintech
Ashok Leyland soars on setting up light commercial vehicle dealership in West Bengal

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Ashok Leyland is currently trading at Rs. 231.25, up by 7.05 points or 3.14% from its previous closing of Rs. 224.20 on the BSE.

The scrip opened at Rs. 225.75 and has touched a high and low of Rs. 234.75 and Rs. 225.75 respectively. So far 233066 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. 234.75 and Rs. 214.40 respectively. The current market cap of the company is Rs. 65834.70 crore.

The promoters holding in the company stood at 51.52%, while Institutions and Non-Institutions held 36.80% and 11.65% respectively.

Ashok Leyland has set up a light commercial vehicle dealership in West Bengal, as part of plans to expand its footprint in the eastern region. With the setting up of new facility in Siliguri, the light commercial vehicle distribution network grew to more than 800 touch points.

The new channel partner 'Happie Trucking' has a sales facility at Eastern Bypass Road, SBM Warehouse, Siliguri while service and spares facility in Thakur Nagar, New Jalpaiguri, West Bengal. The company currently retails its range of LCV products including BADA DOST, DOST, PARTNER and MiTR. The vehicles are produced at its state-of-the-art manufacturing facility in Hosur.

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.