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Ashok Leyland unveils E-LCV Commemorating its 75th year of operation, commercial vehicle maker Ashok Leyland Ltd on Thursday unveiled  electric light commercial vehicles from its group company SWITCH Mobility. Union Minister for Road Transport and Highways Nitin Gadkari unveiled the IeV series electric light commercial vehicles here. According to Ashok Leyland, the IeV Series is India’s first electric commercial vehicle in its category targeted at MSMEs, cottage industries and e-commerce segments. A...
Ashok Leyland unveils E-LCV
Ashok Leyland unveils E-LCV
Source: IANS
7/09/2023 8:14:43 PM
Ashok Leyland rises on partnering with CSB Bank Ashok Leyland is currently trading at Rs. 184.05, up by 0.35 points or 0.19% from its previous closing of Rs. 183.70 on the BSE. The scrip opened at Rs. 184.45 and has touched a high and low of Rs. 185.30 and Rs. 181.15 respectively. So far 233649 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 191.45 on 16-Aug-2023 and a 52 week low of Rs. 133.10 on 28-Mar-2023. Last one week high and low of the scrip stood at ...
Ashok Leyland rises on partnering with CSB Bank
Ashok Leyland rises on partnering with CSB Bank
Source: Accord Fintech
1/09/2023 12:03:20 PM
Ashok Leyland rises on unveiling new truck in 18.5 tonne segment Ashok Leyland is currently trading at Rs. 189.70, up by 2.15 points or 1.15% from its previous closing of Rs. 187.55 on the BSE. The scrip opened at Rs. 187.65 and has touched a high and low of Rs. 189.75 and Rs. 187.50 respectively. So far 366681 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 191.45 on 16-Aug-2023 and a 52 week low of Rs. 133.10 on 28-Mar-2023. Last one week high and low of the scrip stood at ...
Ashok Leyland rises on unveiling new truck in 18.5 tonne segment
Ashok Leyland rises on unveiling new truck in 18.5 tonne segment
Source: Accord Fintech
29/08/2023 11:58:04 AM
India approves $7 billion plan for electric buses in nearly 170 cities India approved plans on Wednesday to deploy 10,000 electric buses in 169 cities, along with charging and associated infrastructure facilities, at an estimated cost of nearly 580 billion rupees ($7 billion) for a decade. The federal government will fund 200 billion rupees ($2.4 billion) of the cost of the scheme, based on a public-private partnership model, but it was not immediately clear if funds for the rest would come from state governments or private companies. Shares of companies t...
India approves $7 billion plan for electric buses in nearly 170 cities
India approves $7 billion plan for electric buses in nearly 170 cities
Source: Reuters
16/08/2023 4:59:50 PM
Ashok Leyland moves up on getting nod to acquire stake in OHM Global Mobility Ashok Leyland is currently trading at Rs. 188.30, up by 1.40 points or 0.75% from its previous closing of Rs. 186.90 on the BSE. The scrip opened at Rs. 186.55 and has touched a high and low of Rs. 188.25 and Rs. 185.55 respectively. So far 412240 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 191.00 on 11-Aug-2023 and a 52 week low of Rs. 133.10 on 28-Mar-2023. Last one week high and low of the scrip stood at ...
Ashok Leyland moves up on getting nod to acquire stake in OHM Global Mobility
Ashok Leyland moves up on getting nod to acquire stake in OHM Global Mobility
Source: Accord Fintech
16/08/2023 12:18:26 PM
Ashok Leyland to acquire Hinduja group company OHM Global Mobility Commercial vehicles major and part of Hinduja group, Ashok Leyland Ltd, said on Monday that it would acquire OHM Global Mobility Private Ltd (OHM India) from OHM International Mobility Ltd for Rs 1 lakh. In a regulatory filing, Ashok Leyland said post acquisition, it would invest up to Rs 300 crore in OHM India. According to Ashok Leyland, OHM India is a wholly-owned subsidiary of OHM International Mobility Limited UK (OHM  UK). The promoter, Hinduja Automotive Ltd, directl...
Ashok Leyland to acquire Hinduja group company OHM Global Mobility
Ashok Leyland to acquire Hinduja group company OHM Global Mobility
Source: IANS
15/08/2023 9:53:30 AM
Ashok Leyland inches up on reporting 11% growth in July sales Ashok Leyland is currently trading at Rs. 184.40, up by 0.15 points or 0.08% from its previous closing of Rs. 184.25 on the BSE. The scrip opened at Rs. 186.00 and has touched a high and low of Rs. 186.05 and Rs. 184.25 respectively. So far 283761 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 186.45 on 24-Jul-2023 and a 52 week low of Rs. 133.10 on 28-Mar-2023. Last one week high and low of the scrip stood at ...
Ashok Leyland inches up on reporting 11% growth in July sales
Ashok Leyland inches up on reporting 11% growth in July sales
Source: Accord Fintech
2/08/2023 10:39:53 AM
Buy Ashok Leyland Ltd For Target Rs. 210 - Geojit Financial Services Ltd Ashok Leyland Ltd. (AL) is the second-largest Commercial Vehicle (CV) manufacturer in India. It has a strong presence in the truck segment, with a market share of 29% as of FY22. • Margin for the quarter came at 10% (above our estimate) owing to price hikes, easing metal prices, and lower vehicle discount. • Despite a weak quarter due to pre buying in March, volume grew by 5%, outperforming the industry growth of –5%. As a result, revenue grew by 13%YoY. • AL achieved a m...
Buy Ashok Leyland Ltd For Target Rs. 210 - Geojit Financial Services Ltd
Buy Ashok Leyland Ltd For Target Rs. 210 - Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
28/07/2023 4:37:00 PM
Buy Ashok Leyland Ltd For Target Rs. 210 - Geojit Financial Services Ltd Ashok Leyland Ltd. (AL) is the second-largest Commercial Vehicle (CV) manufacturer in India. It has a strong presence in the truck segment, with a market share of 29% as of FY22. • Margin for the quarter came at 10% (above our estimate) owing to price hikes, easing metal prices, and lower vehicle discount. • Despite a weak quarter due to pre buying in March, volume grew by 5%, outperforming the industry growth of –5%. As a result, revenue grew by 13%YoY. • AL achieved a m...
Buy Ashok Leyland Ltd For Target Rs. 210 - Geojit Financial Services Ltd
Buy Ashok Leyland Ltd For Target Rs. 210 - Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
27/07/2023 3:44:53 PM
Buy Ashok Leyland Ltd For Target Rs. 207 - LKP Securities Ltd Ashok Leyland (AL) reported decent topline growth of 13% yoy while declined by 30% qoq on expected lines. Volumes during the quarter moved up by 4% yoy, while de-grew by 31% yoy. Realizations grew handsomely by 8.8% yoy while slightly growing sequentially. The yoy growth came on the back of strong macro activities. The company gained market share yoy at 31.7% up by 2o bps in the MHCV segment, while the Bus segment massively gained market share at 28.1% from 20.2% yoy. EBITDA margins expanded ...
Buy Ashok Leyland Ltd For Target Rs. 207 - LKP Securities Ltd
Buy Ashok Leyland Ltd For Target Rs. 207 - LKP Securities Ltd
Source: LKP Securities Ltd
27/07/2023 2:29:31 PM
Buy Ashok Leyland Ltd For Target Rs. 214 - ARETE Securities Ltd Revenue for Q1 came at INR 81,893 Mn up 13% on YoY basis and was down 30% on sequential basis which was mainly due to pre buying seen in Q4FY23. During the quarter, company's MHCV volumes have grown at 7% on a YoY basis surpassing the industry growth of 3%, resulting in market share improvement from 31.1% in Q1FY23 to 31.7% in Q1FY24. The revenue growth was primarily driven by the power solutions and after-market segments, with power solutions volumes doubling and aftermarket volumes incr...
Buy Ashok Leyland Ltd For Target Rs. 214 - ARETE Securities Ltd
Buy Ashok Leyland Ltd For Target Rs. 214 - ARETE Securities Ltd
Source: ARETE Securities Ltd
26/07/2023 2:47:15 PM
Buy Ashok Leyland Ltd For Target Rs. 217 - Religare Broking Ltd * Decent revenue growth : Ashok Leyland revenue for Q1FY24 came in at Rs 8,189 Cr, rising by 13.4% YoY as the demand was moderate during the quarter across categories however modular Avtrr range and Bada Dost garnering strong response aided by network expansion, on sequential basis the revenue was down by 29.6% due to pre-buying of vehicles ahead of new BSVI-2 norms. Besides, its Power Solution and Aftermarket business posted healthy growth in the overall top-line. * Strong margins im...
Buy Ashok Leyland Ltd For Target Rs. 217 - Religare Broking Ltd
Buy Ashok Leyland Ltd For Target Rs. 217 - Religare Broking Ltd
Source: Religare Broking Ltd
26/07/2023 11:58:52 AM
Asian Paints Q1 net at Rs 1,508 crore  Paint major Asian Paints Ltd closed the first quarter with a higher profit on a higher revenue. In a regulatory filing on Tuesday, Asian Paints said it closed Q1FY24 with a total income of Rs 8,330.73 crore (against Q1FY23's Rs 7,700.07 crore) and an after tax profit of Rs 1,508.37 crore (Rs 1,017.28 crore). The company’s Board also appointed R. Seshasayee, Independent Director and former Managing Director of Ashok Leyland Ltd, as the Chairman of the Board and the compan...
Asian Paints Q1 net at Rs 1,508 crore
Asian Paints Q1 net at Rs 1,508 crore
Source: IANS
25/07/2023 4:58:26 PM
Ashok Leyland shines on reporting many fold jump in Q1 consolidated net profit Ashok Leyland is currently trading at Rs. 182.30, up by 6.65 points or 3.79% from its previous closing of Rs. 175.65 on the BSE. The scrip opened at Rs. 176.00 and has touched a high and low of Rs. 183.25 and Rs. 174.60 respectively. So far 2189897 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 183.25 on 21-Jul-2023 and a 52 week low of Rs. 133.10 on 28-Mar-2023. Last one week high and low of the scrip stood at...
Ashok Leyland shines on reporting many fold jump in Q1 consolidated net profit
Ashok Leyland shines on reporting many fold jump in Q1 consolidated net profit
Source: Accord Fintech
21/07/2023 2:35:09 PM
Ashok Leyland gains on bagging orders worth Rs 800 crore in Defence Sector Ashok Leyland is currently trading at Rs. 173.35, up by 1.65 points or 0.96% from its previous closing of Rs. 171.70 on the BSE. The scrip opened at Rs. 172.05 and has touched a high and low of Rs. 174.60 and Rs. 172.00 respectively. So far 410475 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 174.60 on 17-Jul-2023 and a 52 week low of Rs. 133.10 on 28-Mar-2023. Last one week high and low of the scrip stood at ...
Ashok Leyland gains on bagging orders worth Rs 800 crore in Defence Sector
Ashok Leyland gains on bagging orders worth Rs 800 crore in Defence Sector
Source: Accord Fintech
17/07/2023 11:57:56 AM
Stock of the day : Buy Ashok Leyland Ltd For Target Rs.184 - Religare Broking Ashok Leyland Ltd * Ashokley has witnessed a breakout from brief consolidation, with noticeable volumes. * Formed the base while holding above the support zone of short term moving average i.e. 20 EMA. * The chart pattern combined with strong volumes suggests resumption in up trend. * We thus recommend creating fresh longs in the mentioned zone   Buy Ashok Leyland Ltd CMP 169.80; Range 168-170; SL 162; Target 184       To Read Complet...
Stock of the day : Buy Ashok Leyland Ltd For Target Rs.184 - Religare Broking
Stock of the day : Buy Ashok Leyland Ltd For Target Rs.184 - Religare Broking
Source: Religare Broking Ltd
13/07/2023 11:01:10 AM
Stock Picks : Ashok Leyland Ltd and BHEL Ltd By ICICI Direct Ashok Leyland Ltd   Buy Ashok Leyland Ltd @166-166.50; Target 168.80; Stop Loss 164.90   BHEL (BHEL) Buy BHEL Ltd @93.80-94.20; Target 95.70; Stop Loss 93.30     To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above vi...
Stock Picks : Ashok Leyland Ltd and BHEL Ltd By ICICI Direct
Stock Picks : Ashok Leyland Ltd and BHEL Ltd By ICICI Direct
Source: ICICI Direct
12/07/2023 10:39:22 AM
Ashok Leyland shines on reporting 5% growth in June sales Ashok Leyland is currently trading at Rs. 170.55, up by 3.20 points or 1.91% from its previous closing of Rs. 167.35 on the BSE. The scrip opened at Rs. 169.00 and has touched a high and low of Rs. 173.85 and Rs. 168.90 respectively. So far 353182 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 173.85 on 03-July-2023 and a 52 week low of Rs. 133.10 on 28-Mar-2023. Last one week high and low of the scrip stood at...
Ashok Leyland shines on reporting 5% growth in June sales
Ashok Leyland shines on reporting 5% growth in June sales
Source: Accord Fintech
3/07/2023 10:29:59 AM
Buy Ashok Leyland Ltd For Target Rs.180 - JM Financial Key takeaways from Investor Meet 2023 We attended Ashok Leyland’s (AL) investor meet to understand the company’s future growth strategy. The management shared its medium-term aspiration, primarily centred around increasing domestic market share (in both MHCV and LCV segments) by addressing gaps in its product portfolio (incl. EV and other alternate fuels) and network expansion in North and East India. Expanding in international markets (through network and products) also remain...
Buy Ashok Leyland Ltd For Target Rs.180 - JM Financial
Buy Ashok Leyland Ltd For Target Rs.180 - JM Financial
Source: JM Financial Institutional Securities
29/06/2023 2:33:01 PM
Stock Picks : Divis Laboratories Ltd and Ashok Leyland Ltd By ICICI Direct Divis Laboratories Ltd Buy Divis Laboratories Ltd @3532-3536; Target 3576; Stop Loss 3514   Ashok Leyland Ltd Buy Ashok Leyland Ltd @164-164.50; Target 166.80; Stop Loss 162.90   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above v...
Stock Picks : Divis Laboratories Ltd and Ashok Leyland Ltd By ICICI Direct
Stock Picks : Divis Laboratories Ltd and Ashok Leyland Ltd By ICICI Direct
Source: ICICI Direct
27/06/2023 10:40:44 AM
Ashok Leyland rides high on inking MoU with IDBI Bank Ashok Leyland is currently trading at Rs. 164.15, up by 0.30 points or 0.18% from its previous closing of Rs. 163.85 on the BSE. The scrip opened at Rs. 163.90 and has touched a high and low of Rs. 166.15 and Rs. 163.25 respectively. So far 366123 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 170.50 on 20-Jun-2023 and a 52 week low of Rs. 132.50 on 22-Jun-2022. Last one week high and low of the scrip stood at ...
Ashok Leyland rides high on inking MoU with IDBI Bank
Ashok Leyland rides high on inking MoU with IDBI Bank
Source: Accord Fintech
22/06/2023 4:28:27 PM
Buy Ashok Leyland Ltd For Target Rs.180 - Motilal Oswal Financial Services Targeting market share gains in MHCV/LCV and margin expansion At its 2023 Investor Meet, Ashok Leyland (AL) highlighted its aspiration to grow profitably in domestic M&HCV, expand non-M&HCV revenue at a faster pace, and the inflection point for Switch Mobility (EVs) as it prepares to launch six platforms over the next two years. The management expects the ongoing uptrend in M&CHV to continue, with AL focusing on increasing its market share by 3pp to 35%. It aims to expand its p...
Buy Ashok Leyland Ltd For Target Rs.180 - Motilal Oswal Financial Services
Buy Ashok Leyland Ltd For Target Rs.180 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
17/06/2023 10:12:06 AM
Ashok Leyland zooms on inking pact with Aidrivers to produce autonomous electric terminal trucks Ashok Leyland is currently trading at Rs. 167.15, up by 9.80 points or 6.23% from its previous closing of Rs. 157.35 on the BSE. The scrip opened at Rs. 160.00 and has touched a high and low of Rs. 167.80 and Rs. 158.35 respectively. So far 1861250 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 169.40 on 06-Sep-2022 and a 52 week low of Rs. 128.35 on 17-Jun-2022. Last one week high and low of the scrip stood at...
Ashok Leyland zooms on inking pact with Aidrivers to produce autonomous electric terminal trucks
Ashok Leyland zooms on inking pact with Aidrivers to produce autonomous electric terminal trucks
Source: Accord Fintech
16/06/2023 11:57:15 AM
Auto stocks ride high as passenger vehicle wholesales surge 13.54% in May Stocks related to the auto industry were trading higher on the BSE, as passenger vehicle wholesales surge 13.54% in May Ashok Leyland is currently trading at Rs. 155.55, up by 1.55 points or 1.01% from its previous closing of Rs. 154.00 on the BSE. Tata Motors is currently trading at Rs. 570.75, up by 8.95 points or 1.59% from its previous closing of Rs. 561.80 on the BSE. Mahindra & Mahindra is currently trading at Rs. 1378.90, up by 6.70 points or 0.49% from its previous closin...
Auto stocks ride high as passenger vehicle wholesales surge 13.54% in May
Auto stocks ride high as passenger vehicle wholesales surge 13.54% in May
Source: Accord Fintech
14/06/2023 3:27:56 PM
Buy Ashok Leyland Ltd For Target Rs.180 - JM Financial In 4QFY23, Ashok Leyland (AL) EBITDAM came in at 11% (+210bps YoY & QoQ), 60bps above JMFe. Sequential improvement in margin was led by softening RM cost and higher operating leverage. Management indicated that demand during 1Q is expected to remain muted owing to pre-buying during 4QFY23. However, outlook for CV demand remains healthy (FY24: c.10% YoY) led by govt. infra spends and strong replacement demand. AL expects its market share gain (+5 ppt) in MHCV to sustain owing to strong res...
Buy Ashok Leyland Ltd For Target Rs.180 - JM Financial
Buy Ashok Leyland Ltd For Target Rs.180 - JM Financial
Source: JM Financial Institutional Securities Ltd
14/06/2023 2:40:34 PM
Add Ashok Leyland Ltd For Target Rs. 175 - Yes Securities Price hikes to help ASPs; Downgrade to ADD   Valuation and View AL’s 4QFY23 operating performance was healthy as EBITDA beat our/street estimates by 8.5-9%. This was led by higher-than-expected ASPs at Rs1.94m/unit (est Rs1.9m/unit, +8.5%/+5.1% YoY/QoQ) and gross margins at 24.4% (est 24.1%, +260bp/ +70bp YoY/QoQ). We believe, margins to continue remain at an elevated level (ex of 1QFY24E) led by 1) cumulative price hikes of 5.5-6% in past 3 quarters (including Apr’2...
Add Ashok Leyland Ltd For Target Rs. 175 - Yes Securities
Add Ashok Leyland Ltd For Target Rs. 175 - Yes Securities
Source: Yes Securities Ltd
13/06/2023 2:19:10 PM
Buy Ashok Leyland Ltd For Target Rs. 200 - ICICI Direct Double digit margin, persistent focus on market share gains to result in industry leading profitable growth…   About the stock: Ashok Leyland (ALL) is a pure-play CV manufacturer domestically, with FY23 market share pegged at 18.8% (up 240 bps YoY). The company is present in M&HCV trucks and buses as well as LCV goods segments. It also has a formidable presence in the e-mobility (electric buses) domain though Switch Mobility. • FY23 product mix – LCV goods ...
Buy Ashok Leyland Ltd For Target Rs. 200 - ICICI Direct
Buy Ashok Leyland Ltd For Target Rs. 200 - ICICI Direct
Source: ICICI Direct
13/06/2023 12:24:43 PM
Ashok Leyland rides high on betting big on infra projects in eastern part for MHCV category Ashok Leyland is currently trading at Rs. 152.75, up by 0.85 points or 0.56% from its previous closing of Rs. 151.90 on the BSE. The scrip opened at Rs. 150.80 and has touched a high and low of Rs. 153.65 and Rs. 150.80 respectively. So far 205299 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 169.40 on 06-Sep-2022 and a 52 week low of Rs. 128.35 on 17-Jun-2022. Last one week high and low of the scrip stood at ...
Ashok Leyland rides high on betting big on infra projects in eastern part for MHCV category
Ashok Leyland rides high on betting big on infra projects in eastern part for MHCV category
Source: Accord Fintech
8/06/2023 12:46:37 PM
Ashok Leyland rises on entering into partnership with Cholamandalam Investment and Finance Ashok Leyland is currently trading at Rs. 150.85, up by 0.75 points or 0.50% from its previous closing of Rs. 150.10 on the BSE. The scrip opened at Rs. 150.50 and has touched a high and low of Rs. 150.90 and Rs. 150.15 respectively. So far 62138 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 169.40 on 06-Sep-2022 and a 52 week low of Rs. 128.35 on 17-Jun-2022. Last one week high and low of the scrip stood at R...
Ashok Leyland rises on entering into partnership with Cholamandalam Investment and Finance
Ashok Leyland rises on entering into partnership with Cholamandalam Investment and Finance
Source: Accord Fintech
7/06/2023 10:48:58 AM
ADD Ashok Leyland Ltd For Target Rs. 165 - ICICI Securities Elevated scale drives profitability; cash outflow for Switch as expected   Ashok Leyland’s (AL) Q4FY23 EBITDA margin at 11% (up 214bps QoQ) was 70bps ahead of consensus estimate on strong benefit of operating leverage along with 70bps improvement in gross margin QoQ. We believe strong pricing discipline and benefits of its modular platform AVTR other than favourable commodity price movements have helped GM recover partly. Capex in FY24 would be ~Rs6-7.5bn, dedicated towards p...
ADD Ashok Leyland Ltd For Target Rs. 165 - ICICI Securities
ADD Ashok Leyland Ltd For Target Rs. 165 - ICICI Securities
Source: ICICI Securities Ltd
3/06/2023 10:35:53 AM
India clocks robust SUV sales in May, two-wheeler volumes rise Indian automakers reported robust sales of sport utility vehicles (SUVs) in May on steady demand and saw an uptick in two-wheeler sales on the back of the wedding season and replacement of old bikes and scooters. Mahindra and Mahindra, the country's top SUV maker by market share, reported a 23.5% jump in SUV sales, while sales of the larger and pricier vehicles at Maruti Suzuki, the top carmaker by volumes, grew around 65%. Sales of SUVs propelled India's passenger vehicle (PV) ...
India clocks robust SUV sales in May, two-wheeler volumes rise
India clocks robust SUV sales in May, two-wheeler volumes rise
Source: Reuters
1/06/2023 5:33:53 PM
May 2023 auto sales preview: The recovery for 2-wheelers to continue Emkay Global Financial Services conducted a channel check to gauge the volumes’ estimate for the month of May. The channel checks indicate the recovery in the 2-wheeler space to continue as the entry/rural segment supplements the premium/urban categories on uptick in replacement demand. PVs will see an uptrend in the month of May. Overall volume growth to endure, except in CVs and Tractors.The volumes for CVs are expected to be subdued, on pre-buy in the past months. Maruti Suzuk...
May 2023 auto sales preview: The recovery for 2-wheelers to continue
May 2023 auto sales preview: The recovery for 2-wheelers to continue
Source: PR Agency
30/05/2023 3:56:00 PM
Buy Ashok Leyland Ltd For Target Rs.185 - Religare Broking Ltd Sturdy revenue growth: Ashok Leyland posted record quarterly revenue at Rs 11,626 Cr, registering a growth of 33% YoY and 28.7% QoQ. The exceptional growth in revenue was driven by strong demand across verticals especially for the new launches while pre-buying ahead of new OBD norms too aided the revenue growth. Realizations improve driven by strong volumes: Its domestic Medium & Heavy Commercial Vehicle (MHCV) volumes stood at 37,811 Units registering a growth of 32.3% over last year ...
Buy Ashok Leyland Ltd For Target Rs.185 - Religare Broking Ltd
Buy Ashok Leyland Ltd For Target Rs.185 - Religare Broking Ltd
Source: Religare Broking Ltd
25/05/2023 12:49:32 PM
India`s Ashok Leyland posts 17% drop in Q4 profit on higher costs India's Ashok Leyland Ltd reported a 17% fall in fourth-quarter profit on Tuesday as higher materials and services costs as well as tax expenses offset robust truck sales. The company said standalone profit fell to 7.51 billion rupees ($91.83 million) for the three months ended March 31, from 9.01 billion rupees a year earlier. Cost of materials and services surged about 26%, while tax expenses soared to 4 billion rupees from 101.1 million rupees a year earlier. Manufacturers of ...
India`s Ashok Leyland posts 17% drop in Q4 profit on higher costs
India`s Ashok Leyland posts 17% drop in Q4 profit on higher costs
Source: Reuters
23/05/2023 5:23:17 PM
Weekly Tech Picks: Ashok Leyland Ltd, Birlasoft Ltd, DLF Ltd. Bharti Airtel Ltd By Axis Securities Ashok Leyland Ltd. • ASHOKLEY on the weekly chart has decisively broken out above the “Descending Triangular” pattern at 150 level with strong bullish candle indicating positive bias. • The breakout is accompanied with an increase in volume confirming participation at breakout level 19 May, 2023 • Stock holds above 50% Fibonacci Retracement of a rally from 93-129 placed at 131 forming a medium term support zone. • The weekly strength indicator RSI i...
Weekly Tech Picks: Ashok Leyland Ltd, Birlasoft Ltd, DLF Ltd. Bharti Airtel Ltd By Axis Securities
Weekly Tech Picks: Ashok Leyland Ltd, Birlasoft Ltd, DLF Ltd. Bharti Airtel Ltd By Axis Securities
Source: Axis Securities Ltd
22/05/2023 11:07:06 AM
Stock of the day : Buy Ashok Leyland Ltd For Target Rs.164 - Religare Broking Ltd Ashokley * Auto is among the best-performing sector at present and it has made a new record high as well. * Ashokley has also started witnessing traction, after forming a base around the 100 EMA on the weekly chart. * It has also crossed the trendline hurdle of late, which is further adding to the positivity. * We thus recommend creating fresh longs in the mentioned range. Buy Ashok Leyland Ltd  CMP 152.55 ; Range 151-153; SL 147; Target 164   To R...
Stock of the day : Buy Ashok Leyland Ltd For Target Rs.164 - Religare Broking Ltd
Stock of the day : Buy Ashok Leyland Ltd For Target Rs.164 - Religare Broking Ltd
Source: Religare Broking Ltd
17/05/2023 11:09:50 AM
South Korea`s Hyundai to invest $2.45 billion in Indian state South Korea's Hyundai Motor Co said on Thursday it will invest 200 billion rupees ($2.45 billion) in the southern Indian state of Tamil Nadu over the next 10 years, to beef up electric vehicle production in the world's most populous country. Tamil Nadu is a hub for automobile manufacturing with the likes of Ashok Leyland, TVS Motor, Hyundai and Renault-Nissan making thousands of two- and four-wheelers every year. Hyundai, through its Indian subsidiary Hyundai Motor India, w...
South Korea`s Hyundai to invest $2.45 billion in Indian state
South Korea`s Hyundai to invest $2.45 billion in Indian state
Source: Reuters
11/05/2023 1:00:36 PM
Stock Picks : Reliance Industries Ltd and Ashok Leyland Ltd By ICICI Direct Reliance Industries Ltd Buy Reliance Industries Ltd @2467-2471 CMP 2471.90; Target 2495.00; Stop Loss 2449.70   Ashok Leyland Ltd Buy Ashok Leyland Ltd @146.20-146.80 CMP 146.65; Target 149.30; Stop Loss 144.60   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183...
Stock Picks : Reliance Industries Ltd and Ashok Leyland Ltd By ICICI Direct
Stock Picks : Reliance Industries Ltd and Ashok Leyland Ltd By ICICI Direct
Source: ICICI Direct
9/05/2023 11:03:43 AM
Indian automakers post lacklustre April commercial vehicles sales growth India's wholesale commercial and passenger vehicle sales growth moderated in April, following a boost from the festive season and pre-buying last month ahead of the implementation of tighter fuel emission norms. The norms, implemented on April 1, require automakers to fit vehicles with a device to check emissions, leading to extra costs. Maruti Suzuki India Ltd, Hero MotoCorp Ltd and Tata Motors Ltd have hiked prices to cushion the impact of the additional expenses. Analysts said...
Indian automakers post lacklustre April commercial vehicles sales growth
Indian automakers post lacklustre April commercial vehicles sales growth
Source: Reuters
2/05/2023 3:38:13 PM
Hinduja group offers to infuse Rs 300 crore in Reliance General Insurance The Hinduja group has made an offer to invest an additional Rs 300 crore in Reliance General Insurance. Reliance General Insurance, a unit of Reliance Capital, needs cash infusion to maintain solvency levels. IndusInd International Holdings Ltd (IIHL), which is owned by Hinduja, made the highest bid of Rs 9,650 crore for Reliance Capital in a second auction on Wednesday. Reliance General Insurance had sought Rs 600 crore cash infusion from lenders in December last year to meet solven...
Hinduja group offers to infuse Rs 300 crore in Reliance General Insurance
Hinduja group offers to infuse Rs 300 crore in Reliance General Insurance
Source: IANS
27/04/2023 5:43:33 PM
Ashok Leyland rides high on bagging order of 1560 trucks from VRL Logistics Ashok Leyland is currently trading at Rs. 139.20, up by 1.00 points or 0.72% from its previous closing of Rs. 138.20 on the BSE. The scrip opened at Rs. 138.30 and has touched a high and low of Rs. 139.95 and Rs. 138.30 respectively. So far 317322 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 169.40 on 06-Sep-2022 and a 52 week low of Rs. 113.00 on 12-May-2022. Last one week high and low of the scrip stood at ...
Ashok Leyland rides high on bagging order of 1560 trucks from VRL Logistics
Ashok Leyland rides high on bagging order of 1560 trucks from VRL Logistics
Source: Accord Fintech
18/04/2023 3:28:54 PM
Ashok Leyland launches e-Marketplace for Used Commercial Vehicles, Re-AL Ashok Leyland, the Indian flagship of the Hinduja Group and the country’s leading commercial vehicle manufacturer, launched its e-marketplace, Re-AL for Used Commercial Vehicles. The marketplace will aid customers in exchanging Used Vehicles and upgrading them to new Ashok Leyland trucks and buses. By leveraging this digital platform, Ashok Leyland hopes to increase transparency in the otherwise disorganized used vehicle ecosystem. The e-marketplace will offer customers with a range ...
Ashok Leyland launches e-Marketplace for Used Commercial Vehicles, Re-AL
Ashok Leyland launches e-Marketplace for Used Commercial Vehicles, Re-AL
Source: PR Agency
14/04/2023 10:21:24 AM
Ashok Leyland rides high on launching e-Marketplace for used commercial vehicles Ashok Leyland is currently trading at Rs. 138.45, up by 0.95 points or 0.69% from its previous closing of Rs. 137.50 on the BSE. The scrip opened at Rs. 137.55 and has touched a high and low of Rs. 138.90 and Rs. 137.40 respectively. So far 309686 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 169.40 on 06-Sep-2022 and a 52 week low of Rs. 113.00 on 12-May-2022. Last one week high and low of the scrip stood at ...
Ashok Leyland rides high on launching e-Marketplace for used commercial vehicles
Ashok Leyland rides high on launching e-Marketplace for used commercial vehicles
Source: Accord Fintech
13/04/2023 2:03:05 PM
Ashok Leyland shines on reporting 19% growth in March sales Ashok Leyland is currently trading at Rs. 142.60, up by 3.45 points or 2.48% from its previous closing of Rs. 139.15 on the BSE. The scrip opened at Rs. 140.20 and has touched a high and low of Rs. 142.75 and Rs. 140.20 respectively. So far 171218 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 169.40 on 06-Sep-2022 and a 52 week low of Rs. 113.00 on 12-May-2022. Last one week high and low of the scrip stood at ...
Ashok Leyland shines on reporting 19% growth in March sales
Ashok Leyland shines on reporting 19% growth in March sales
Source: Accord Fintech
3/04/2023 10:12:44 AM
Buy Ashok Leyland Ltd For Target Rs. 186 - LKP Securities marching ahead! Ashok Leyland (AL) reported solid topline growth of 9% qoq while posting a growth of 63% yoy on a low base. The base quarter last year was low on chip shortage issue. Volumes during the quarter slightly moved down by 3% qoq, while grew by 29% yoy. Realizations grew handsomely by 27% yoy and 13% qoq which contributed strongly to the qoq topline growth. This growth came on the back of robust product mix and price hikes taken during the quarter. The company gained significant ...
Buy Ashok Leyland Ltd For Target Rs. 186 - LKP Securities
Buy Ashok Leyland Ltd For Target Rs. 186 - LKP Securities
Source: LKP Securities Ltd
17/03/2023 2:20:47 PM
Buy Ashok Leyland Ltd For Target Rs. 184 - Yes Securities Margins expansion to continue Valuation and View AL’s 3QFY23 operating performance was healthy as EBITDA beat our/street estimates by 22-23%. This was led by higher-than-expected expansion in gross margins at 23.7% (+170bp QoQ, +160bp YoY) due to decline in RM, operating leverage and favorable product mix. We believe, margins to continue expand even in 4Q led by 1) cumulative price hikes of 4-4.5% in past 3 quarters (including Jan’23), 2) RM decline, 3) moderating discounts ...
Buy Ashok Leyland Ltd For Target Rs. 184 - Yes Securities
Buy Ashok Leyland Ltd For Target Rs. 184 - Yes Securities
Source: Yes Securities Ltd
13/03/2023 12:14:48 PM
Buy Ashok Leyland Ltd For Target Rs. 183 - Emkay Global Financial Services Q3 EBITDA above estimates; Volume outlook remains positive *For Q3FY23, Ashok Leyland’s revenue surged 63% YoY to Rs90.3bn, slightly above estimates. EBITDA grew strongly by 256% YoY to Rs8bn, 17% above our estimate due to better revenue and gross margin beat. Our FY23-25E EPS estimates are broadly unchanged, despite increased EBITDA estimates, owing to higher tax rate assumptions. We expect the domestic CV industry’s growth at 34% in FY23E, and the uptrend is likely to endure ...
Buy Ashok Leyland Ltd For Target Rs. 183 - Emkay Global Financial Services
Buy Ashok Leyland Ltd For Target Rs. 183 - Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
10/03/2023 11:41:26 AM
Buy Ashok Leyland Ltd For Target Rs.185 - Anand Rathi Share and Stock Brokers Strong quarter, M&HCV to peak by FY24; maintaining a Buy   For Ashok Leyland, raw material cost reduction combined with price hikes and discounting were the highlights of the quarter. Gross margin expansion was arrested by weakness in the export markets, sequentially. Robust domestic volume off-take and a better product mix led to the strong top-line performance. We continue to believe that FY24 would be the peak year for M&HCV off-take, post which we expect the segment to ...
Buy Ashok Leyland Ltd For Target Rs.185 - Anand Rathi Share and Stock Brokers
Buy Ashok Leyland Ltd For Target Rs.185 - Anand Rathi Share and Stock Brokers
Source: Anand Rathi Share and Stock Brokers Ltd
25/02/2023 12:06:23 PM