2025-01-29 09:24:25 am | Source: Motilal Oswal Financial Services Ltd
Buy Ashok Leyland Ltd For Target Rs. 257 by Motilal Oswal Financial Services Ltd
* Overall volumes declined ~1.4% YoY in 3Q due to subdued demand across most of the underlying industries
* We expect EBITDA margin to largely remain stable QoQ.
* We cut FY25/26E EPS by 4%/7% to factor in weaker demand

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