/ Ashok Leyland Recommends Dividend Of Rs 1.56 Per Equity Share ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 26 May 2017

The board of Ashok Layland has recommended a dividend of Rs 1.56 per equity share of Rs 1 each for the financial year ended March 31, 2017. The dividend declared, shall be paid before August 14, 2017.

The company witnessed volume growth higher than the industry average in the last quarter. Market share gained across all segment in past quarter. The management believes that the company will continue to outperform the auto industry in FY18, reported the leading news agency.Also, management of the company believes that it will see good growth in the market share in the coming year as well.The automobile sector faced some supply chain issues due to the BS-IV technology transition in the country.

Ashok Leyland Ltd is currently trading at Rs 89.7, up by Rs 3.65 or 4.24% from its previous closing of Rs 86.05 on the BSE.The scrip opened at Rs 87.35 and has touched a high and low of Rs 89.7 and Rs 87.35 respectively. So far 4209470(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 24488.77 crore.

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