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Ashok Leyland shares inched higher today as the clock ticks down to the company’s 1:1 bonus issue record date on July 16. While the rise was modest — about 1.5 per cent — the move shows investors aren’t ready to step off just yet. The buzz isn’t wild, but it’s there, driven by anticipation and solid numbers in the rearview mirror.
What’s moving the stock today
As of Monday morning (July 14), the share price is hovering around Rs 249.95, a slight climb from Friday’s close. This follows last week’s announcement of a 1:1 bonus share — its first in over 14 years — which briefly pushed the stock above Rs 254.
While bonus shares don’t add actual value to a business, they tend to boost liquidity and draw short-term attention. And that’s likely what we’re seeing now — a bump driven by expectations and momentum.
About the company
Ashok Leyland is the Hinduja Group’s flagship in the commercial vehicle space — building trucks, buses, and defence vehicles. It’s the second-largest CV maker in India and among the top bus manufacturers globally.
Below is a table summarising the company’s fundamentals.
| Metric | Value |
|---|---|
| Market cap | Rs 72,312 crore |
| P/E ratio | 23.3 |
| P/B ratio | 5.9 |
| Book value | Rs 41.7 |
| EPS | Rs 10.6 |
| ROE | 30.9 per cent |
| ROCE | 15.9 per cent |
| Dividend yield | 2.5 per cent |
Value Research Online ratings
- Overall: 2/5
- Quality: 3/10
- Growth: 5/10
- Valuation: 3/10
- Momentum: 7/10
The takeaway
Today’s move in Ashok Leyland isn’t spectacular, but it’s steady. The bonus issue may be the headline act, but the real story is a business that’s ticking along with respectable numbers and global ambitions. Whether you’re in it for the long haul or just kicking the tyres, this one’s worth a closer look.
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Disclaimer: This is not a stock recommendation. This story was created with the assistance of artificial intelligence and has been reviewed by human experts for accuracy and is intended for informational purposes only. Please take it with a pinch of salt and do your own research or consult a financial advisor before making investment decisions.
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