31 Per Cent Returns From 52-Week Low & DIIs Increase Stake: Board Likely to Announce Bonus Shares on May 23
The stock is up by 31 per cent from its 52-week low of Rs 190.40 per share.
Ashok Leyland Limited has announced a Board meeting scheduled for May 23, 2025, to review and approve the standalone and consolidated audited financial results for the fiscal year ending on March 31, 2025, among other matters. Furthermore, in accordance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company wishes to notify stakeholders that the Board of Directors may also deliberate on a proposal for the issuance of bonus shares during this meeting, contingent upon securing the necessary regulatory approvals.
Ashok Leyland is the 4th largest manufacturer of buses in the world and India’s largest bus manufacturer. This order is another significant stride in fortifying its leadership position and further emphasises the enduring trust that Tamil Nadu STUs consistently bestow upon Ashok Leyland's outstanding products and services. The company has a market cap of over Rs 70,000 crore and DIIs increased their stake to 14.06 per cent in March 2025 compared to December 2024.
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Today, shares of Ashok Leyland Ltd plunged 0.87 per cent to Rs 243.50 per share from its previous closing of Rs 241.50 per share with an intraday high of Rs 249.65 per share and an intraday low of Rs 242.555 per share. The stock is up by 31 per cent from its 52-week low of Rs 190.40 per share.
Disclaimer: The article is for informational purposes only and not investment advice.