The Board of Directors of the Company at its meeting held on March 05, 2016 the proposal to delist the GDRs of the Company from the London Stock Exchange Limited had been approved by the Board of Directors, subject to compliance of various formalities required in this regard
Ashok Leyland Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 05, 2016 the proposal to delist the GDRs of the Company from the London Stock Exchange Limited had been approved by the Board of Directors, subject to compliance of various formalities required in this regard.
The underlying shares arising out of GDRs are listed with BSE Limited and National Stock Exchange of India Limited.
Stock commentary:
Ashok Leyland Ltd is currently trading at Rs. 92.7, down by Rs. 0.7 or 0.75% from its previous closing of Rs. 93.4 on the BSE.
The scrip opened at Rs. 93.9 and has touched a high and low of Rs. 94 and Rs. 92.4 respectively. So far 3667363(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 26580.49 crore.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 99.65 on 30-Nov-2015 and a 52 week low of Rs. 63.85 on 27-Apr-2015. Last one week high and low of the scrip stood at Rs. 94.85 and Rs. 84.5 respectively.
The promoters holding in the company stood at 50.38 % while Institutions and Non-Institutions held 14.93 % and 34.69 % respectively.
The stock is currently trading below its 100 DMA.
The underlying shares arising out of GDRs are listed with BSE Limited and National Stock Exchange of India Limited.
Stock commentary:
Ashok Leyland Ltd is currently trading at Rs. 92.7, down by Rs. 0.7 or 0.75% from its previous closing of Rs. 93.4 on the BSE.
The scrip opened at Rs. 93.9 and has touched a high and low of Rs. 94 and Rs. 92.4 respectively. So far 3667363(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 26580.49 crore.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 99.65 on 30-Nov-2015 and a 52 week low of Rs. 63.85 on 27-Apr-2015. Last one week high and low of the scrip stood at Rs. 94.85 and Rs. 84.5 respectively.
The promoters holding in the company stood at 50.38 % while Institutions and Non-Institutions held 14.93 % and 34.69 % respectively.
The stock is currently trading below its 100 DMA.
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