Shares of commercial vehicles maker Ashok Leyland fell over two per cent on Wednesday, July 16, 2026, as shares trade ex-bonus. The stock opened at Rs 125.70 against the previous close of Rs 125.45 (the adjusted price after a 1:1 bonus issue). It fell further to touch the low of Rs 122.80 on the BSE. This is a fall of 2.11 per cent. Last seen, the counter was trading at Rs 123.90. On the NSE, the counter started the trading session at Rs 124.40 and touched a low of 122.70.
Post the adjustment, the 52-week high of the stock is
Ignore 51% Crash In Share Price
However, some platforms showed a fall of over 51 per cent in the stock price of Ashok Leyland in the early trade. But this steep dip is not a market rout, instead, it is the result of a 1:1 bonus issue. As a result, the share price dropped to around Rs 125, nearly half of yesterday’s closing price of Rs 250.90.
What Is Bonus Issue?
This is a corporate action in which a company decides to distribute free shares to existing shareholders. While this increases the number of shares, the value of the investment remains the same. Additionally, the company's market capitalisation remains unchanged.
The market capitalisation of Ashok Leyland is Rs 72,767.15 crore.
Ashok Leyland partners with Tamil Nadu Grama Bank
Meanwhile, the company has partnered with Tamil Nadu Grama Bank for vehicle financing and to provide customised loan options for customers across Tamil Nadu.
The two partners have signed a Memorandum of Understanding (MoU) for the purpose, Ashok Leyland said in a statement.
"This strategic collaboration will further strengthen Ashok Leyland's presence in the market and enhance accessibility to our innovative, cost-efficient products," Ashok Leyland Head-LCV (light commercial vehicle) Business Viplav Shah said.
