Ashok Leyland inches up on inking MoU with HDFC Bank

Ashok Leyland is currently trading at Rs. 80.55, up by 0.15 points or 0.19% from its previous closing of Rs. 80.40 on the BSE.

The scrip opened at Rs. 80.40 and has touched a high and low of Rs. 81.00 and Rs. 80.15 respectively. So far 181957 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 105.35 on 24-Dec-2018 and a 52 week low of Rs. 56.95 on 23-Aug-2019.

Last one week high and low of the scrip stood at Rs. 82.10 and Rs. 79.15 respectively. The current market cap of the company is Rs. 23572.28 crore.

The promoters holding in the company stood at 51.12%, while Institutions and Non-Institutions held 30.02% and 18.78% respectively.

Ashok Leyland has inked a memorandum of understanding (MoU) with HDFC Bank for a strategic tie-up on vehicle financing, for a period of two years. The MoU will enable both Ashok Leyland and HDFC Bank to offer customized financial solutions to customers across India, with a specific focus on customers in semi-urban and rural areas.

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.

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