Hinduja Group-backed Ashok Leyland is an Indian automobile company headquartered in Chennai. It is the second-largest commercial vehicle manufacturer in India, the fourth largest manufacturer of buses in the world and tenth largest manufacturer of trucks globally. More
KR Choksey recommended accumulate rating on Ashok Leyland with a target price of Rs 168 in its research report dated August 04, 2022.
ICICI Direct is bullish on Ashok Leyland has recommended buy rating on the stock with a target price of Rs 180 in its research report dated August 02, 2022.
Sharekhan is bullish on Ashok Leyland has recommended buy rating on the stock with a target price of Rs 181 in its research report dated August 01, 2022.
The H series engine makes the new range of trucks suitable for customers who seek higher power delivery and superior fuel efficiency, the city-based heavy commercial vehicle manufacturer said.
Arihant Capital is bullish on Ashok Leyland has recommended buy rating on the stock with a target price of Rs 190 in its research report dated August 01, 2022.
Prabhudas Lilladher is bullish on Ashok Leyland has recommended buy rating on the stock with a target price of Rs 177 in its research report dated August 02, 2022.
The prospects look promising as demand has started picking up, post the opening up of the broader economy. The valuation also gives us the desired comfort
CV sales are powering ahead, establishing the upcycle in the sector, in spite of challenging times. Both Tata Motors and Ashok Leyland saw this across all sub-segments--medium and heavy commercial vehicles (MHCV), light commercial vehicles (LCVs) and buses.
The index has been making higher highs and higher lows since mid-May despite volatility in benchmark indices, rising more than 35 percent since March lows.
Hinduja group flagship Ashok Leyland expects the commercial vehicle industry to grow at a fast pace in the coming quarters, with economic activity gaining momentum and demand picking up across segments, according to a senior company official.
Ashok Leyland will not invest in any new factory. Instead, it would focus on debottlenecking its plants to improve efficiencies in its manufacturing processes.
Ashok Leyland Q1 result: The domestic medium and heavy commercial vehicle volume grew at 189 percent and the company's market share expanded from 27 percent to 30 percent in the June quarter
The Light Commercial Vehicle business of Ashok Leyland has signed a memorandum of understanding with Adani Capital Pvt Ltd to enter into a strategic partnership for a range of LCVs.
Auto and auto ancillary companies are expected to report profit for the quarter ended June 2022, barring Tata Motors, experts said.
After a recent low touched on June 20, the index has rallied nearly 11 percent and from March lows, it has risen more than 29 percent, which has been the highest among sectors. The rally has been on the back of a decline in metal prices, the key raw material used by the sector.
As long as the Nifty trades above 15,500, one should continue to trade with a positive bias and look for stock-specific buying opportunities during the week, says Ruchit Jain, of 5paisa.com
The company had registered a total sales of 6,448 units in June 2021, Ashok Leyland said in a statement.
All automobile segments barring tractors and two-wheelers are expected to post strong year-on-year growth in June, largely on a low base in 2021 when India was battling a devastating second Covid wave
The Nifty Auto index has gained 20 percent since its March lows, turning out to be the biggest gainer among all sectors, pricing in expected benefits of falling commodity prices, especially steel and aluminium, the key material for making vehicles, resulting in easing cost pressure.
In a bullish sign last week, Ashok Leyland formed a Golden Crossover on daily charts. This happens when a short-term trend indicator like 50-day moving average climbs over long-term trend indicator, say, 200-day moving average
With the opening up of the broader economy and free movement of people, post the pandemic, there has been a significant pick-up in demand for three-wheelers (3W)
The company had sold 3,199 units in the COVID-hit May last year, Ashok Leyland said in a regulatory filing.
Tata Motor's domestic sales surged 204 per cent year-on-year as it sold 74,755 vehicles in May 2022, while Bajaj Auto reported a marginal growth in its total vehicle sales at 2,75,868 units as against 2,71,862 vehicles in the year-ago period.