Breaking News

You are here » Indian-Commodity  :  Equity & Shares  :  Ashok Leyland catches speed on planning to invest Rs 400 crore to develop new products

13-Dec2017

Ashok Leyland catches speed on planning to invest Rs 400 crore to develop new products

Ashok Leyland is currently trading at Rs. 114.50, up by 0.65 points or 0.57% from its previous closing of Rs. 113.85 on the BSE.

The scrip opened at Rs. 113.65 and has touched a high and low of Rs. 114.90 and Rs. 112.60 respectively. So far 322473 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 133.00 on 26-Oct-2017 and a 52 week low of Rs. 75.10 on 27-Dec-2016.

Last one week high and low of the scrip stood at Rs. 120.75 and Rs. 112.65 respectively. The current market cap of the company is Rs. 33427.53 crore.

The promoters holding in the company stood at 51.29%, while institutions and non-institutions held 33.94% and 14.77% respectively.

Ashok Leyland is planning to invest Rs 400 crore over the next two years in developing new products, including left-hand-driving trucks. The company is working on left-hand-driving commercial vehicles to tap the potential export markets in Gulf countries and Africa.

The new products are also targeted for export markets. Currently, the company exports five per cent of its total volumes. The vehicles are primarily exported to Russia and Ukraine.

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.


Related News

View all news

State Bank of India gains on planning to install solar panels over 10,000 ATMs in 2 years

State Bank of India is currently trading at Rs. 276.05, up by 2.05 points or 0.75% from its previous closing of Rs. 274.00 on the BSE.The scrip opened at Rs. 276.05 and has touched a high and low of Rs.......

RIL rises on the buzz of its telecom arm planning to build Jio Hubs

Reliance Industries is currently trading at Rs. 1218.30, up by 1.10 points or 0.09% from its previous closing of Rs. 1217.20 on the BSE.The scrip opened at Rs. 1225.00 and has touched a high and low of......

IL&FS Transportation soars with arm signing settlement agreement with NHAI

IL&FS Transportation Networks is currently trading at Rs. 25.55, up by 0.50 points or 2.00%, from its previous closing of Rs. 25.05 on the BSE.The scrip opened at Rs. 26.70 and has touched a high......

Top News

View all news

TCS iON enters into strategic business partnership with The Training Room

Tata Consultancy Services' (TCS) strategic business unit TCS iON has entered into a strategic business partnership with The Training Room, a leading UK provider of technical training courses and careers......

IGL plans to add 60 CNG stations, give 2 lakh connections in FY19

Indraprastha Gas (IGL) is planning to add a record 60 CNG dispensing stations and give piped cooking gas connections to at least 2 lakh households this fiscal as it steps up efforts to achieve the government's......

RCF to begin work on coal gasification based fertilizer plant at Talcher: Report

Rashtriya Chemicals and Fertilizers (RCF) will reportedly commence work on the coal gasification based fertilizer plant at Talcher in state of Odisha. The company has got approval for equity investment......