Mumbai, September 8 (Kiran News). Shares of Ashok Leyland surged over 4% on Monday after the company announced a partnership with Punjab Gramin Bank to provide vehicle financing solutions.
The stock was trading at ₹136.85, up ₹5.90 (4.51%) from its previous close of ₹130.95 on the BSE. It opened at ₹132.15 and touched an intraday high of ₹137.25 and a low of ₹131.25, with more than 8.61 lakh shares traded on the counter.
Ashok Leyland, a Group ‘A’ stock with a face value of ₹1, has a 52-week high of ₹137.25 (20 August 2025) and a 52-week low of ₹95.20 (7 April 2025). The company’s market capitalisation currently stands at ₹79,814.81 crore.
Promoters hold 51.52% in the company, while institutional investors own 37.80% and non-institutional investors 10.68%.
Under the memorandum of understanding (MoU), Ashok Leyland and Punjab Gramin Bank will offer tailored financial products to customers, including flexible repayment plans. The partnership aims to strengthen Ashok Leyland’s market position by enhancing access to comprehensive financing options for commercial vehicle buyers.
Ashok Leyland, the flagship company of the Hinduja Group, is one of India’s leading manufacturers of commercial vehicles. Its product portfolio includes buses, trucks, engines, defence vehicles, and special application vehicles.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
