Ashokleyland is one of the leading flagship companies of Hinduja group. Being the second largest commercial vehicle manufacturer in India, they have around 5 manufacturing plants in India, and also 1 plant each in UAE, Bangladesh and Srilanka. So they have presence in Arab and African countries.
This is a fundamentally strong company and also has business for atleast next 3 years. This I say because of their order book. State governments are their main clients.
This company has now declared a dividend of Rs. 4.95 per share. The record date is fixed at April 3. The dividends will be paid by April 23.
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