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    HomeNewsBusinessStocksBuy Ashok Leyland; target of Rs 285: Sharekhan

    Buy Ashok Leyland; target of Rs 285: Sharekhan

    Sharekhan is bullish on Ashok Leyland has recommended buy rating on the stock with a target price of Rs 285 in its research report dated July 26, 2024.

    Broker Research
    July 31, 2024 / 12:28 IST
    Buy
       
       
      26 Aug, 2025 12:21
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      Sharekhan's research report on Ashok Leyland

      Missed EBITDA margin estimates due to one-time cost pertaining to battery pack-related expenses. Management aims for a mid-teen EBITDA margin over the period and is expecting improvement in EBITDA margin in FY2025 over FY2024.

      Outlook

      We retain BUY with a revised PT of Rs. 285 in expectation of sustainable double-digit EBITDA margin and its profit-focused volume growth strategy. The stock trades at a P/E of 21.1x and EV/EBITDA of 11.9x its FY2026E estimates.

      For all recommendations report, click here

      Disclaimer: 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.

      Ashok Leyland - 290724 - khan

      Broker Research
      first published: Jul 31, 2024 12:28 pm

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