Ashok Leyland, one of India's leading commercial vehicle maker, has gained 3.5% at RS 26.65, on going ex-bonus today.
The company had announced bonus shares in the ratio of 1:1, i.e one free share for every shareholder who helds a share. The record date is set for August 3, 2011 for deciding the eligibility of the shareholder.
Meanwhile, the company had missed the street expectations on the earnings front. Net profit fell 30% from a year ago to Rs 86.25 crore amid high raw material costs and rise in financial expenses.
A total of 8.1 millon shares have changed hands on the BSE counter as compared to a two-week average daily traded volume of 6.4 million shares.