Ashok Leyland Bonus Share Issue: Board Meeting Scheduled for May 23, Stock Jumps 3%

Market Performance

Ashok Leyland shares witnessed strong upward momentum on Tuesday, May 20, 2025. The Stock opened at ₹245 on the BSE, marking a 1.5% rise over the previous close of ₹241.40.

• Intraday High: ₹249.65
• Percentage Gain: 3.41%

The rise follows a company announcement regarding a potential bonus share issue, which has stirred investor interest.

Main News: Bonus Share Issue on the Agenda

Ashok Leyland has notified the stock exchanges that its Board of Directors will convene on May 23, 2025, to consider issuing bonus shares. The meeting will also review the standalone and a review of the consolidated financial results for both the quarter and the entire financial year ending March 31, 2025, will be conducted.

Key Highlights:

• Meeting Date: May 23, 2025
• Purpose: To review financial results and consider a bonus share issue
• Regulatory Reference: Regulation 29 of SEBI (LODR), 2015

The company's regulatory filing states the proposed bonus share issue will be subject to all necessary approvals.

Company Details: Stock Trends and Past Performance

Ashok Leyland shares have shown notable volatility in the past year:

• 52-Week High: ₹264.70 (August 2024)
• 52-Week Low: ₹190.40 (April 2025)

After hitting its yearly low in April, the Stock rebounded strongly. In the last month alone, Ashok Leyland shares have surged approximately 9-10%, indicating positive investor sentiment ahead of the board meeting.

Summary

The Ashok Leyland bonus share issue has generated a buzz in the market, contributing to a sharp 3% intraday rally in its share price. With the board meeting scheduled for May 23, 2025, all eyes are now on the official announcement and financial results for FY25.

The Stock’s recovery from its recent lows and the possibility of bonus shares have positioned Ashok Leyland as a company to watch in the coming weeks.