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23-Nov2012

Ashok Leyland trades with traction on the bourses

Ashok Leyland is currently trading at Rs. 26.15, up by 0.15 points or 0.58% from its previous closing of Rs. 26.00 on the BSE.

The scrip opened at Rs. 26.25 and has touched a high and low of Rs. 26.45 and Rs. 26.05 respectively. So far 453513 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 32.90 on 02-May-2012 and a 52 week low of Rs. 20.05 on 22-Dec-2011.

Last one week high and low of the scrip stood at Rs. 28.50 and Rs. 25.20 respectively. The current market cap of the company is Rs. 6957.67 crore.

The promoters holding in the company stood at 38.61% while Institutions and Non-Institutions held 29.11% and 18.86% respectively.

Ashok Leyland, a leading manufacturer of commercial vehicles in India has unveiled a new fuel efficient engine technology for its high range of trucks, priced between Rs 15.1 lakh and Rs 18.83 lakh. The commercial vehicle maker claimed that the new technology is ideal for an open highway condition that allows the driver to shift to fuel-economy mode while cruising.

Recently, the company launched a range of Haulage trucks fitted with Twin Speed Rear Axles and many other modifications that promises enhanced fuel efficiency of up to 10%.

The twin speed technology will come with on some of the company's flagship models in the multi-axle range like the 2516IL, 2516XL, 3116IL and 3118IL.


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