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    HomeNewsBusinessStocksBuy Ashok Leyland: target of Rs 180: Sharekhan

    Buy Ashok Leyland: target of Rs 180: Sharekhan

    Sharekhan is bullish on Ashok Leyland has recommended buy rating on the stock with a target price of Rs 180 in its research report dated December 06, 2021.

    Broker Research
    December 07, 2021 / 12:33 IST
       
       
      26 Aug, 2025 12:21
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      Sharekhan's research report on Ashok Leyland

      ALL to benefit from its aggressive strategy to increasing market share through increased penetration across all regions and new product launches. We expect ALL’s profitability to improve significantly, with its EBITDA posting a 166% CAGR for FY2021-FY2023E, aided by robust 39.7% revenue CAGR and sharp margin expansion. The stock is trading below its average historical multiples at P/E of 15.9x and EV/EBITDA of 8.9x its FY2023E estimates.

      Outlook

      We retain our Buy rating on Ashok Leyland Limited (ALL) with an unchanged PT of Rs. 180, owing to the expected growth recovery in the CV industry post normalisation of economic 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: Dec 7, 2021 12:33 pm

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