This initiative, intended to enhance liquidity and reward shareholders, did not change the company’s overall market capitalisation but doubled the total number of outstanding shares.
The Ashok Leyland stock was down 0.89% at Rs 122.65 apiece on the BSE at around 10:52 am.
In a regulatory filing, in continuation of its previous communications dated May 23, June 4, July 7, and July 9, 2025, the company confirmed that on July 17, 2025 — the deemed date of allotment — it has allotted 293.65 crore bonus equity shares of Rs 1 each.
The bonus shares have been issued in a 1:1 ratio, meaning one fully paid-up bonus share for every one existing share held by eligible shareholders as of the record date, July 16.
These bonus shares were made vailable for trading starting today, Friday, July 18. The newly allotted shares will rank pari passu in all respects with the existing equity shares of the company.
Technical Indicators Signal Mixed Trend for Ashok Leyland
Relative Strength Index (RSI): The Day RSI (14) for Ashok Leyland stands at 53.5. The RSI is a momentum indicator that helps evaluate whether a stock is overbought or oversold. A reading below 30 suggests the stock is oversold and may be due for a rebound, while a reading above 70 indicates it may be overbought. At 53.5, Ashok Leyland is in the neutral zone, suggesting neither strong buying nor selling pressure at the moment.
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Moving Averages: The stock is showing bullish signals on its moving average indicators. It is currently trading above 5 out of the 8 simple moving averages (SMAs) being tracked. While the stock appears to be under pressure in the short term (i.e., below some short-duration SMAs), it is trading above its 30-day SMA, indicating underlying strength in the medium term and a potential for upward momentum if the trend holds.
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