Mumbai, November 5 (Udaipur Kiran) — Shares of Ashok Leyland edged higher on Tuesday after the company announced signing a Memorandum of Understanding (MoU) with Punjab National Bank (PNB) to provide dealer financing solutions.
The stock is currently trading at ₹140.35, up by ₹0.55 or 0.39% from its previous close of ₹139.80 on the BSE. The scrip opened at ₹139.80 and touched a high of ₹140.50 and a low of ₹138.20 during the session, with over 1.90 lakh shares traded so far.
The BSE Group ‘A’ stock, with a face value of ₹1, has a 52-week high of ₹144.50 (recorded on September 23, 2025) and a 52-week low of ₹95.20 (on April 7, 2025). The company’s market capitalization currently stands at ₹82,439.55 crore.
Promoters hold 51.51% of the company’s shares, while institutional and non-institutional investors own 37.98% and 10.50%, respectively.
Under the MoU, Punjab National Bank will provide competitive dealer finance options to Ashok Leyland’s medium and heavy commercial vehicle (M&HCV) dealers. The bank will offer customised financial products to meet their working capital and inventory funding requirements.
The collaboration aims to deliver flexible and comprehensive financing solutions, helping dealers manage operations more efficiently. Leveraging PNB’s extensive branch network and competitive lending rates, the partnership will strengthen Ashok Leyland’s distribution ecosystem and support sustained growth across the dealer network.
Ashok Leyland, the flagship company of the Hinduja Group, is one of India’s leading manufacturers of commercial vehicles, including trucks, buses, defense vehicles, engines, and special-purpose vehicles.
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