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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 September 10, 2024.

    Broker Research
    September 11, 2024 / 13:45 IST
    Buy
       
       
      26 Aug, 2025 12:21
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      Sharekhan's research report on Ashok Leyland

      Ahead of the festive season, freight rates are likely to stay high, on a rise in demand. The CV segment is expected to perform better in H2FY25 versus H1FY25.

      Outlook

      We retain a Buy rating with a PT of Rs. 285 on expectation of sustainable double-digit EBITDA margin and its profit-focused volume growth strategy. The stock trades at a P/E of 21.2x and EV/EBITDA of 12.1x 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 - 11092024 - khan
      Broker Research
      first published: Sep 11, 2024 01:45 pm

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