Ashok Leyland surges on inking MoU with ELBIT Systems

Ashok Leyland surges on inking MoU with ELBIT Systems

by admin- Wednesday, December 12th, 2018 03:56:12 PM

Ashok Leyland is currently buying and selling at Rs. One hundred and five.50, up by way of 2.60 factors or 2.53% from its preceding ultimate of Rs. 102.90 on the BSE.

The scrip opened at Rs. 104.60 and has touched a high and low of Rs. 106.Eighty and Rs. 104.05 respectively. So a ways 171674 shares had been traded at the counter.

The BSE group ‘A’ stock of face cost Rs. 1 has touched a 52 week high of Rs. 167.50 on 08-May-2018 and a 52 week low of Rs. 97.70 on 10-Dec-2018.

Last one week high and occasional of the scrip stood at Rs. 106.Eighty and Rs. 97.70 respectively. The current market cap of the corporation is Rs. 30206.Fifty eight crore.

The promoters retaining within the organization stood at 51.12%, at the same time as Institutions and Non-Institutions held 32.84% and sixteen.04% respectively.

Ashok Leyland has signed a Memorandum of Understanding (MoU) with ELBIT Systems. As a part of this settlement, the corporation will offer High Mobility automobiles (HMV) for mounting ELBIT Systems’ artillery guns and systems.

The included structures are focused for global export markets. Ashok Leyland has knowledge in layout, manufacturing of logistic automobiles, fight help High Mobility Vehicles (HMV) and Armoured motors for the defence forces.

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