Ashok Leyland edges higher on launching light commercial vehicle ‘Partner’

Ashok Leyland is currently trading at Rs. 23.65, up by 0.05 points or 0.21% from its previous closing of Rs. 23.60 on the BSE. The scrip opened at Rs. 23.60 and has touched a high and low of Rs. 23.70 and Rs. 23.15 respectively. So far 182090 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 25.20 on 11-Apr-2014 and a 52 week low of Rs. 11.82 on 29-Aug-2013. Last one week high and low of the scrip stood at Rs. 25.20 and Rs. 23.00 respectively. The current market cap of the company is Rs. 6239.29 crore. The promoters holding in the company stood at 41.52 % while Institutions and Non-Institutions held 26.02 % and 19.23 % respectively. Ashok Leyland, a Hinduja Group flagship company, has launched ‘Partner’, a light commercial vehicle (LCV), priced in the range of Rs 8.73-9.29 lakh (ex-showroom Delhi). The LCV comes with various features including air-conditioning, focuses on driver comfort and sports car-like interiors. With a Gross Vehicle Weight (GVW) capacity of 6.6T, Partner will address various applications like parcel goods, durables, perishables and FMCG products among others. Besides, Partner is the latest offering from the Ashok Leyland-Nissan Joint Venture, after the commercial successful launch of Dost and the recently launched Stile. 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.