Ashok Leyland shares touched a 52‑week high after the company announced plans to merge its finance arm, Hinduja Leyland Finance Limited, with NDL Ventures Limited.
The board has approved the merger, aimed at simplifying operations and strengthening financial structure.
Following the announcement, the stock jumped 5–6%, reaching ₹156–₹158, reflecting strong investor confidence. The company has also reported improved earnings recently, adding to positive sentiment.
Ashok Leyland is among several mid‑cap firms hitting yearly highs, and trading volumes surged as investors showed renewed interest in the stock, boosting market momentum.