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    HomeNewsBusinessStocksBuy Ashok Leyland: target of Rs 165: Sharekhan

    Buy Ashok Leyland: target of Rs 165: Sharekhan

    Sharekhan is bullish on Ashok Leyland has recommended buy rating on the stock with a target price of Rs 165 in its research report dated May 20, 2022.

    Broker Research
    May 21, 2022 / 20:30 IST
       
       
      26 Aug, 2025 12:21
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      Sharekhan's research report on Ashok Leyland

      Strong performance in Q4FY22 with revenue, EBITDA and PAT were ahead of expectations by 5.2%, 28.9% and 56.7% respectively. ALL is expected to benefit from its aggressive strategy of growing its market share through increased penetration across all regions, new product launches and well placed to benefit from e-mobility movement. The stock is trading below its average historical multiples at P/E of 18x and EV/EBITDA of 10.1x its FY2024E estimates.

      Outlook

      We retain our Buy rating on Ashok Leyland Limited (ALL) with a revised PT of Rs 165, owing to growth recovery in the CV industry, led by improvement in economic and infrastructure activities.

      For all recommendations report, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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      Broker Research
      first published: May 21, 2022 08:30 pm

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