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Buy Ashok Leyland Ltd For Target Rs.255 By Motilal Oswal Financial Services Ltd Operationally in line; higher other income drives PAT beat Reiterates its target to achieve mid-teen EBITDA margin * Ashok Leyland's (AL) 2QFY25 results were operationally in line, reporting a robust margin of 11.6% (+100bp QoQ) despite weak demand. Margin was supported by lower steel prices (+50bp impact) and cost savings (+50bp). Management is optimistic about recovery in CV demand in 2H, driven by expected benefits of revival in Govt spending, healthy freight rates, and an extend...
Buy Ashok Leyland Ltd For Target Rs.255 By Motilal Oswal Financial Services Ltd
Buy Ashok Leyland Ltd For Target Rs.255 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-12-01 09:58:09 am
Stock Picks : Reliance Industries Ltd and Ashok Leyland Ltd By ICICI Direct Reliance Industries Ltd Buy Reliance Industries Ltd @ 1289-1292 Target 1306.00 Stop Loss 1282.10   Ashok Leyland Ltd Buy Ashok Leyland Ltd @ 230-231 Target 233.20 Stop Loss 228.90   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
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
2024-11-27 11:22:10 am
Stock Picks : Infosys Ltd and Ashok Leyland Ltd By ICICI Direct Infosys Ltd Buy Infosys Ltd @ 1876-1880 Target 1902.00 Stop Loss 1867.40   Ashok Leyland Ltd Buy Ashok Leyland Ltd @ 230-231 Target 233.00 Stop Loss 229.00   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Infosys Ltd and Ashok Leyland Ltd By ICICI Direct
Stock Picks : Infosys Ltd and Ashok Leyland Ltd By ICICI Direct
Source: ICICI Direct
2024-11-26 10:36:04 am
Ashok Leyland soars on setting up light commercial vehicle dealership in West Bengal Ashok Leyland is currently trading at Rs. 231.25, up by 7.05 points or 3.14% from its previous closing of Rs. 224.20 on the BSE. The scrip opened at Rs. 225.75 and has touched a high and low of Rs. 234.75 and Rs. 225.75 respectively. So far 233066 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 264.70 on 27-Aug-2024 and a 52 week low of Rs. 157.65 on 14-Mar-2024. Last one week high and low of the scrip stood at ...
Ashok Leyland soars on setting up light commercial vehicle dealership in West Bengal
Ashok Leyland soars on setting up light commercial vehicle dealership in West Bengal
Source: Accord Fintech
2024-11-25 10:11:08 am
Hold Ashok Leyland Ltd For Target Rs.243 By Choice Broking Ltd Revenue for the quarter decreased by 9.0% YoY to Rs. 87.69bn (vs est. of Rs 90.27bn) due to 8.5% YoY decrease in volume and 0.6% YoY decrease in ASP. Gross margin for the quarter expanded by 235bps YoY on account of favorable mix. EBITDA margin came at 11.6% (+40bps YoY/+101bps QoQ). EBIDTA in Q2 down to Rs.10.17bn from Rs.10.80 (-5.8% YoY/+11.7% QoQ), and EBIDTA/Vehicle grew by 2.9% YoY to Rs.2.23lakh vs Rs.2.17lakh in Q2FY24. RPAT for the quarter jumped to Rs.7.70bn vs est. of Rs.5.82b...
Hold Ashok Leyland Ltd For Target Rs.243 By Choice Broking Ltd
Hold Ashok Leyland Ltd For Target Rs.243 By Choice Broking Ltd
Source: Choice Broking Ltd
2024-11-24 12:12:41 pm
Add Ashok Leyland Ltd For Target Rs. 256 by Yes Securities Ltd Positive MHCV outlook maintained for 2HFY25 Valuation and View – MHCV volume trajectory key to watch for AL’s 2QFY25 operating performance was slightly better as EBITDA margins came in at 11.6% (vs est 11.2%, cons 11.1%, +40bp/+100bp YoY/QoQ). This was led by better-than-expected gross margins as RM continues to be benign (+50bp impact) and cost control initiatives (+50bp impact). We believe, despite volumes trajectory likely to be uncertain (flat to mid-single digit growth)...
Add Ashok Leyland Ltd For Target Rs. 256 by Yes Securities Ltd
Add Ashok Leyland Ltd For Target Rs. 256 by Yes Securities Ltd
Source: Yes Securities Ltd
2024-11-19 04:17:51 pm
Buy Ashok Leyland Ltd For Target Rs.263 By LKP Securities Revenues grew 9% yoy (+2% qoq) at ~Rs.87.7b as ASP declined ~0.6% yoy/-1.9% qoq at ~Rs.1.92m/unit, while volumes declined by 8.5% yoy (+3.9% qoq) at 45.6k units. Decline in ASP is led by unfavorable mix even within M&HCV, while LCVs increased to 38.2%. AL’s Q2 FY25 operating performance was slightly better as EBITDA margins came in at 11.6%, +40bp/+100bp yoy/qoq). This was led by better than expected gross margins as RM continues to be benign and cost control initiatives. We believe...
Buy Ashok Leyland Ltd For Target Rs.263 By LKP Securities
Buy Ashok Leyland Ltd For Target Rs.263 By LKP Securities
Source: LKP Securities Ltd
2024-11-15 05:09:58 pm
Buy Ashok Leyland Ltd For Target Rs.264 By ARETE Securities Ltd In Q2 FY25, Ashok Leyland reported revenues of INR 8,769 crores, marking a 9% YoY decline primarily due to unfavourable weather impacts and sluggish government capital expenditure, which resulted in a 12% reduction in MHCV industry volumes. Nevertheless, the company registered a notable 37% rise in PAT to INR 770 crores, attributable to enhanced operational efficiencies and a strategic pivot towards high-margin non-CV segments. The EBITDA margin also improved to 12.9%, bolstered by cost-...
Buy Ashok Leyland Ltd For Target Rs.264 By ARETE Securities Ltd
Buy Ashok Leyland Ltd For Target Rs.264 By ARETE Securities Ltd
Source: ARETE Securities Ltd
2024-11-12 01:46:58 pm
India`s Ashok Leyland beats Q2 profit view as lower costs counter sluggish demand Indian truckmaker Ashok Leyland beat estimates for second-quarter profit on Friday, as lower costs more than offset the impact of tepid demand for its trucks and buses. The Hinduja Group company's profit rose 37.3% to 7.7 billion rupees ($91.3 million) for the three-month period ended Sept. 30, beating analysts' estimate of 5.66 billion rupees, as per data compiled by LSEG. Revenue from operations fell 9% to 87.69 billion rupees. The company's cost of materials and servic...
India`s Ashok Leyland beats Q2 profit view as lower costs counter sluggish demand
India`s Ashok Leyland beats Q2 profit view as lower costs counter sluggish demand
Source: Reuters
2024-11-08 02:15:41 pm
Ashok Leyland declines on reporting 9% fall in October sales Ashok Leyland is currently trading at Rs. 204.15, down by 4.90 points 2.34% from its previous closing of Rs. 209.05 on the BSE. The scrip opened at Rs. 211.20 and has touched a high and low of Rs. 211.20 and Rs. 202.15 respectively. So far 269763 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 264.70 on 27-Aug-2024 and a 52 week low of Rs. 157.65 on 14-Mar-2024. Last one week high and low of the scrip stood at R...
Ashok Leyland declines on reporting 9% fall in October sales
Ashok Leyland declines on reporting 9% fall in October sales
Source: Accord Fintech
2024-11-04 12:09:42 pm
Diwali Picks 2024 : Crackers By Prabhudas Lilladher Capital Coal India Ltd CMP: 487 | Entry Range: On declines till 470 Target (TGT): 545/580/610 | Stop Loss (SL): 450 * After making the highs of 543 zones, stock has corrected over 10% in recent times and been consolidating. On daily chart basis, time and again the stock has shown strong reversals from 475 levels. * The stock has seen trend turning upside on weekly basis – up by 4%, with short covering visible aggressively. Chain also reflects good support built-up by PE writers around ...
Diwali Picks 2024 : Crackers By Prabhudas Lilladher Capital
Diwali Picks 2024 : Crackers By Prabhudas Lilladher Capital
Source: Prabhudas Lilladher Capital
2024-10-29 10:48:24 am
Ashok Leyland rises as its arm bags order for 500 electric buses from MTC, Chennai Ashok Leyland is currently trading at Rs. 216.25, up by 2.05 points or 0.96% from its previous closing of Rs. 214.20 on the BSE. The scrip opened at Rs. 214.90 and has touched a high and low of Rs. 218.30 and Rs. 214.40 respectively. So far 254916 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 264.70 on 27-Aug-2024 and a 52 week low of Rs. 157.65 on 14-Mar-2024. Last one week high and low of the scrip stood at ...
Ashok Leyland rises as its arm bags order for 500 electric buses from MTC, Chennai
Ashok Leyland rises as its arm bags order for 500 electric buses from MTC, Chennai
Source: Accord Fintech
2024-10-24 12:22:22 pm
Ashok Leyland declines on reporting 10% fall in September sales Ashok Leyland is currently trading at Rs. 235.20, down by 2.95 points or 1.24% from its previous closing of Rs. 238.15 on the BSE. The scrip opened at Rs. 232.05 and has touched a high and low of Rs. 236.75 and Rs. 232.05 respectively. So far 208666 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 264.70 on 27-Aug-2024 and a 52 week low of Rs. 157.65 on 14-Mar-2024. Last one week high and low of the scrip stood a...
Ashok Leyland declines on reporting 10% fall in September sales
Ashok Leyland declines on reporting 10% fall in September sales
Source: Accord Fintech
2024-10-03 10:44:22 am
Buy Ashok Leyland Ltd. For Target Rs.300 - Emkay Global Financial Services Margin expansion to mid-teens on track We met K M Balaji, CFO. KTAs: 1) Truck volumes, while weak, could potentially improve from H2, aided by a more benign base; mid-to-long term outlook would be driven by sustained economic growth and triggering of replacement-led demand, as fleet-age remains at record levels; DFC not yet seen as a meaningful threat. 2) AL is gaining share in buses/LCVs, with the non-vehicle (spares, defense, and power solutions) business also faring quite well. 3) Susta...
Buy Ashok Leyland Ltd. For Target Rs.300 - Emkay Global Financial Services
Buy Ashok Leyland Ltd. For Target Rs.300 - Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
2024-09-22 10:35:04 am
EV stocks surge as cabinet approves PM E-Drive scheme with outlay of Rs 10,900 crore The government has approved PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme with an outlay of Rs 10,900 crore over a period of two years. The Scheme now includes e-vouchers, streamlining the EV buying process easier than ever.  JBM Auto is currently trading at Rs. 2000.05, up by 68.55 points or 3.55% from its previous closing of Rs. 1931.50 on the BSE. Olectra Greentech is currently trading at Rs. 1630.65, up by 14.20 points or 0.88% from its prev...
EV stocks surge as cabinet approves PM E-Drive scheme with outlay of Rs 10,900 crore
EV stocks surge as cabinet approves PM E-Drive scheme with outlay of Rs 10,900 crore
Source: Accord Fintech
2024-09-12 02:57:21 pm
Buy Ashok Leyland Ltd For Target Rs.300 By Emkay Global Financial Services AL posted an inline Q1 (margin up 57bps YoY to 10.6%, despite one-offs related to new-age R&D set-up). AL has turned more positive on volume outlook, expects better margin in FY25 vs FY24, and retains medium term mid-teen margin guidance. We believe MHCVs would enter an upcycle from FY26E after 2 likely flattish years (FY23-25E), amid macros remaining favorable. This, with healthy fleet profitability (refer to Expert Call), would enable margin expansion at CV OEMs, thus driving strong EPS...
Buy Ashok Leyland Ltd For Target Rs.300 By Emkay Global Financial Services
Buy Ashok Leyland Ltd For Target Rs.300 By Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
2024-08-19 11:30:07 am
Buy Ashok Leyland Ltd. For Target Rs. 300 By Emkay Global Financial Services Growth outlook improving; strong margin guidance sustained AL posted an inline Q1 (margin up 57bps YoY to 10.6%, despite one-offs related to new-age R&D set-up). AL has turned more positive on volume outlook, expects better margin in FY25 vs FY24, and retains medium term mid-teen margin guidance. We believe MHCVs would enter an upcycle from FY26E after 2 likely flattish years (FY23-25E), amid macros remaining favorable. This, with healthy fleet profitability (refer to Expert Call), wou...
Buy Ashok Leyland Ltd. For Target Rs. 300 By Emkay Global Financial Services
Buy Ashok Leyland Ltd. For Target Rs. 300 By Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
2024-08-15 04:56:11 pm
Add Ashok Leyland Ltd For Target Rs. 271 By Yes Securities Valuation and View – MHCV volume trajectory key to watch for AL’s 1QFY25 operating performance was slightly weak led by one-off operating cost related to EV development (battery pack and software, advance engineering and setting up of center of excellence) while RM continues to be benign. We believe, despite volumes trajectory likely to be uncertain (flat to mid-single digit growth), margins would likely expand QoQ led by, 1) benign RM, 2) stable net pricing & favorable mix...
Add Ashok Leyland Ltd For Target Rs. 271 By Yes Securities
Add Ashok Leyland Ltd For Target Rs. 271 By Yes Securities
Source: Yes Securities Ltd.
2024-08-13 10:20:54 am
Add Ashok Leyland Ltd For Target Rs. 271 By Yes Securities Valuation and View – MHCV volume trajectory key to watch for AL’s 1QFY25 operating performance was slightly weak led by one-off operating cost related to EV development (battery pack and software, advance engineering and setting up of center of excellence) while RM continues to be benign. We believe, despite volumes trajectory likely to be uncertain (flat to mid-single digit growth), margins would likely expand QoQ led by, 1) benign RM, 2) stable net pricing & favorable mix...
Add Ashok Leyland Ltd For Target Rs. 271 By Yes Securities
Add Ashok Leyland Ltd For Target Rs. 271 By Yes Securities
Source: Yes Securities Ltd.
2024-08-09 11:43:21 am
Buy Ashok Leyland Ltd For Target Rs. 280 By Geojit Financial Services Ltd Positive volume growth despite weak quarter. 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 33% as of FY24. *  Despite a weak quarter due to pre buying in March and election concerns, volume grew by 6.2% YoY for Q1FY25. * EBITDA Margin came at 10.6% (+57bps) owing to lower metal price, efficiency in sourcing and better product mix. * AL achieved a market shar...
Buy Ashok Leyland Ltd For Target Rs. 280 By Geojit Financial Services Ltd
Buy Ashok Leyland Ltd For Target Rs. 280 By Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2024-08-06 03:02:07 pm
Buy Ashok Leyland Ltd For Target Rs.318 By Sushil Finance Focusing on developing new technologies ALL has launched the ‘AVTR’ platform to drive cost efficiency in the MHCV (Medium and Heavy Commercial vehicle) segment. This will result in a lower number of parts, lower raw material inventory and more productivity, thereby increasing operating efficiency. It is actively working on developing new technologies in the areas of Safety, and Green Energy. In terms of safety, it plans to create products with Advanced Drive Assistance Systems ...
Buy Ashok Leyland Ltd For Target Rs.318 By Sushil Finance
Buy Ashok Leyland Ltd For Target Rs.318 By Sushil Finance
Source: Sushil Financial Services
2024-08-02 06:00:19 pm
Buy Ashok Leyland Ltd For Target Rs.275 By JM Financial Services In 1QFY25, Ashok Leyland (AL) reported EBITDAM of 10.6%, 90bps below JMFe. 160bps YoY improvement in gross margin was led by better price realisation, cost reduction initiatives and steady RM cost. Demand momentum in domestic market continues to remain healthy led by pick-up in replacement demand. The company re-iterated its focus on profitable growth. Medium-term demand drivers (higher infra spends, scrappage policy, etc.) remain intact and AL aims for higher share in MHCVs (to c.35%) and LC...
Buy Ashok Leyland Ltd For Target Rs.275 By JM Financial Services
Buy Ashok Leyland Ltd For Target Rs.275 By JM Financial Services
Source: JM Financial Services
2024-08-02 12:54:56 pm
Ashok Leyland edges higher despite reporting 8% decline in total sales in July 2024 Ashok Leyland is currently trading at Rs. 250.75, up by 0.80 points or 0.32% from its previous closing of Rs. 249.95 on the BSE. The scrip opened at Rs. 242.45 and has touched a high and low of Rs. 251.75 and Rs. 242.45 respectively. So far 325715 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 258.95 on 31-Jul-2024 and a 52 week low of Rs. 157.65 on 14-Mar-2024. Last one week high and low of the scrip stood at ...
Ashok Leyland edges higher despite reporting 8% decline in total sales in July 2024
Ashok Leyland edges higher despite reporting 8% decline in total sales in July 2024
Source: Accord Fintech
2024-08-02 12:11:09 pm
Buy Ashok Leyland Ltd For Target Rs.284 By LKP Securities Ashok Leyland (AL) reported topline growth of 5% yoy and a decline of 24% qoq on seasonality. Volumes during the quarter saw a growth of 6% yoy growth. Realizations de-grew by 1.1% yoy. The company witnessed good growth in bus market share. EBITDA margins moved up to 10.6% up by 60 bps yoy from 10%. There was a sequential fall in margins by 350 bps. This was due to increased commodity costs (72.2% of sales v/s 71.8% qoq), unfavorable product mix and a one-time expense sitting in other expense...
Buy Ashok Leyland Ltd For Target Rs.284 By LKP Securities
Buy Ashok Leyland Ltd For Target Rs.284 By LKP Securities
Source: LKP securities Ltd
2024-08-02 10:55:26 am
Buy Ashok Leyland Ltd.For Target Rs.333 By ARETE Securities Ltd In Q1 FY25, Ashok Leyland's M&HCV segment achieved solid growth, capturing a 31% market share, despite negative sentiment surrounding the H1 FY25 outlook in the CV industry. While the overall LCV segment remained flat YoY, AL's domestic LCV sales rose by 8%, although both domestic and international sales experienced significant double-digit declines quarterly. AL's defence and spare parts segments, particularly the defence sector nearing the Rs. 1000 crore revenue mark, contri...
Buy Ashok Leyland Ltd.For Target Rs.333 By ARETE Securities Ltd
Buy Ashok Leyland Ltd.For Target Rs.333 By ARETE Securities Ltd
Source: ARETE Securities Ltd
2024-07-31 06:14:38 pm
Ashok Leyland zooms despite reporting 6% fall in Q1 consolidated net profit Ashok Leyland is currently trading at Rs. 246.50, up by 14.05 points or 6.04% from its previous closing of Rs. 232.45 on the BSE. The scrip opened at Rs. 235.00 and has touched a high and low of Rs. 248.20 and Rs. 235.00 respectively. So far 2464418 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 248.20 on 26-Jun-2024 and a 52 week low of Rs. 157.65 on 14-Mar-2024. Last one week high and low of the scrip stood a...
Ashok Leyland zooms despite reporting 6% fall in Q1 consolidated net profit
Ashok Leyland zooms despite reporting 6% fall in Q1 consolidated net profit
Source: Accord Fintech
2024-07-26 12:54:22 pm
Ashok Leyland trades higher as its arm signs definitive agreement to acquire TECOSIM Group Ashok Leyland is currently trading at Rs. 229.05, up by 0.60 points or 0.26% from its previous closing of Rs. 228.45 on the BSE. The scrip opened at Rs. 229.95 and has touched a high and low of Rs. 230.30 and Rs. 225.60 respectively. So far 1228838 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 245.60 on 25-Jun-2024 and a 52 week low of Rs. 157.65 on 14-Mar-2024. Last one week high and low of the scrip stood at...
Ashok Leyland trades higher as its arm signs definitive agreement to acquire TECOSIM Group
Ashok Leyland trades higher as its arm signs definitive agreement to acquire TECOSIM Group
Source: Accord Fintech
2024-07-18 02:55:23 pm
Ashok Leyland inches up on bagging order for 2104 fully built bus from MSRTC Ashok Leyland is currently trading at Rs 228.40, up by 0.25 points or 0.11% from its previous closing of Rs. 228.15 on the BSE. The scrip opened at Rs. 230.75 and has touched a high and low of Rs. 230.75 and Rs. 227.65 respectively. So far 825772 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 245.60 on 25-Jun-2024 and a 52 week low of Rs. 157.65 on 14-Mar-2024. Last one week high and low of the scrip stood at R...
Ashok Leyland inches up on bagging order for 2104 fully built bus from MSRTC
Ashok Leyland inches up on bagging order for 2104 fully built bus from MSRTC
Source: Accord Fintech
2024-07-16 02:39:44 pm
Ashok Leyland bags order for 2,104 buses from Maharashtra State Road Transport Corporation Commercial vehicle manufacturer Ashok Leyland, on Monday, said it has bagged the single-largest, fully-built bus order from the Maharashtra State Road Transport Corporation (MSRTC) for 2,104 units of its Viking passenger bus. The buses will be fully compliant with the latest Central Motor Vehicles Rules (CMVR) standards, featuring ‘AIS 153’ compliant body, ‘iGEN6 BS VI OBD II’ technology with 197 HP H-Series engine, and rear air suspension, the company said in a sta...
Ashok Leyland bags order for 2,104 buses from Maharashtra State Road Transport Corporation
Ashok Leyland bags order for 2,104 buses from Maharashtra State Road Transport Corporation
Source: IANS
2024-07-15 01:56:23 pm
Pavna Industries soars on acquiring land parcel in Uttarakhand Pavna Industries is currently trading at Rs. 566.90, up by 15.60 points or 2.83% from its previous closing of Rs. 551.30 on the BSE. The scrip opened at Rs. 573.95 and has touched a high and low of Rs. 574.65 and Rs. 566.35 respectively. So far 169 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 640.05 on 10-Jan-2024 and a 52 week low of Rs. 265.00 on 25-Jul-2023. Last one week high and low of the scrip stood a...
Pavna Industries soars on acquiring land parcel in Uttarakhand
Pavna Industries soars on acquiring land parcel in Uttarakhand
Source: Accord Fintech
2024-06-10 11:14:27 am
India`s Ashok Leyland beats Q4 profit estimates on reduced costs Indian truck maker Ashok Leyland beat fourth-quarter profit estimates on Friday as reduced costs outweighed beleaguered demand for its trucks and buses. Standalone profit rose 19.8% to 9 billion rupees ($108.36 million) for the three months to March 31, surpassing analysts' estimates of 8.69 billion rupees, according to LSEG data. Input costs came off a high base last year as manufacturers globally battled higher transportation and raw material costs amid conflicts and the lingering...
India`s Ashok Leyland beats Q4 profit estimates on reduced costs
India`s Ashok Leyland beats Q4 profit estimates on reduced costs
Source: Reuters
2024-05-24 04:33:46 pm
Buy Ashok Leyland Ltd For Target Rs.205 By Motilal Oswal Financial Services Ltd * Ashok Leyland (AL)’s 3QFY24 results was a beat, led by savings in RM costs, which led to EBITDA margins expanding 320bp YoY to 12% (vs. est.10.5%). While volume growth is expected to remain moderate, the focus on profitable growth should aid overall margins. *  We cut FY24E/FY25E EPS estimates by 6% each to factor in demand moderation in domestic MHCV volumes. We reiterate our BUY rating with a TP of INR205 (based on 10x Mar&rs...
Buy Ashok Leyland Ltd For Target Rs.205 By Motilal Oswal Financial Services Ltd
Buy Ashok Leyland Ltd For Target Rs.205 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-05-11 10:56:41 am
Buy Ashok Leyland Ltd For Target Rs.200 By JM Financial Services Prioritizing profitability to mitigate near-term headwinds In 3QFY24, Ashok Leyland (AL) reported EBITDAM of 12%, 100bps above JMFe. Sequential improvement in margin (+80bps) was led by better price realisation, cost reduction initiatives and softening RM cost. Near-term demand momentum is expected to be muted owing to high base of last year and general election. The company re-iterated its focus on profitable growth. Medium-term demand drivers (higher infra spends, scrappage policy, etc.)...
Buy Ashok Leyland Ltd For Target Rs.200 By JM Financial Services
Buy Ashok Leyland Ltd For Target Rs.200 By JM Financial Services
Source: JM Financial Services
2024-05-07 02:20:06 pm
Ashok Leyland shines on reporting 10% rise in April sales Ashok Leyland is currently trading at Rs. 198.80, up by 6.20 points or 3.22% from its previous closing of Rs. 192.60 on the BSE. The scrip opened at Rs. 195.90 and has touched a high and low of Rs. 199.65 and Rs. 194.50 respectively. So far 929298 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 199.65 on 2-May-2024 and a 52 week low of Rs. 142.10 on 03-May-2023. Last one week high and low of the scrip stood at R...
Ashok Leyland shines on reporting 10% rise in April sales
Ashok Leyland shines on reporting 10% rise in April sales
Source: Accord Fintech
2024-05-02 10:21:57 am
South Indian Bank signs MOU with Ashok Leyland Limited for Dealer Financing South Indian Bank has signed an MoU (Memorandum of Understanding) with Ashok Leyland Limited for financing their dealers under the Bank’s dealer finance program. Under this partnership, the Bank will provide unmatched dealer finance options to the dealers of Ashok Leyland Limited.   With this tie-up, South Indian Bank aims to help the dealer partners of Ashok Leyland Limited, streamline vehicle inventory funding. This arrangement is mutually beneficial for the vehicle manufac...
South Indian Bank signs MOU with Ashok Leyland Limited for Dealer Financing
South Indian Bank signs MOU with Ashok Leyland Limited for Dealer Financing
Source: PR Agency
2024-04-19 08:49:47 am
South Indian Bank signs MOU with Ashok Leyland Limited for Dealer Financing South Indian Bank has signed an MoU (Memorandum of Understanding) with Ashok Leyland Limited for financing their dealers under the Bank’s dealer finance program. Under this partnership, the Bank will provide unmatched dealer finance options to the dealers of Ashok Leyland Limited.   With this tie-up, South Indian Bank aims to help the dealer partners of Ashok Leyland Limited, streamline vehicle inventory funding. This arrangement is mutually beneficial for the vehicle manufac...
South Indian Bank signs MOU with Ashok Leyland Limited for Dealer Financing
South Indian Bank signs MOU with Ashok Leyland Limited for Dealer Financing
Source: PR Agency
2024-04-18 12:44:43 pm
Ashok Leyland ties up with Minus Zero for developing self-driving trucks  Commercial vehicle manufacturer Ashok Leyland on Tuesday announced a strategic partnership with tech startup Minus Zero to develop self-driving trucks. The initial focus of this collaboration will be on developing autonomous trucking solutions for ports, factory operations and corporate campuses. Future endeavors include expanding into hub-to-hub applications and long-haul trucking, subject to evolving regulatory frameworks surrounding autonomous driving, according to an Ashok Leylan...
Ashok Leyland ties up with Minus Zero for developing self-driving trucks
Ashok Leyland ties up with Minus Zero for developing self-driving trucks
Source: IANS
2024-03-19 02:54:15 pm
Buy Ashok Leyland Limited For Target Rs. 208 - LKP securities Ltd The company posted a stellar margin growth in Q3. CV demand slowed down in Q3 on high base. However, this sector is well supported by higher influx of infra projects, mining & construction activities etc. However, on high base and Union Elections in Q1 FY 25, we see a subdued demand to continue over the next two quarters. New launches and focus on geographic mix seen in Q3 should help AL to further improve sales and fill in the gaps within the portfolio. We expect...
Buy Ashok Leyland Limited For Target Rs. 208 - LKP securities Ltd
Buy Ashok Leyland Limited For Target Rs. 208 - LKP securities Ltd
Source: LKP securities Ltd
2024-03-08 10:23:00 am
Auto stocks fall on report of lower domestic commercial vehicle volumes Stocks related to the auto industry declined on the BSE, as rating agency Icra said that domestic Commercial Vehicle (CV) volumes are likely to dip 4-7 per cent year-on-year next fiscal with high base effect kicking in. The volumes are expected to remain muted through the January-March quarter on account of a perceived pause in the infrastructural activities as the model code of conduct kicks in ahead of the general elections. It estimates the domestic CV industry volumes to register 2-5 per ...
Auto stocks fall on report of lower domestic commercial vehicle volumes
Auto stocks fall on report of lower domestic commercial vehicle volumes
Source: Accord Fintech
2024-02-28 12:30:14 pm
Ashok Leyland rides high on starting work to set up plant focused on green mobility in Uttar Pradesh Ashok Leyland is currently trading at Rs. 173.90, up by 0.75 points or 0.43% from its previous closing of Rs. 173.15 on the BSE. The scrip opened at Rs. 174.70 and has touched a high and low of Rs. 177.25 and Rs. 172.15 respectively. So far 1415087 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 rides high on starting work to set up plant focused on green mobility in Uttar Pradesh
Ashok Leyland rides high on starting work to set up plant focused on green mobility in Uttar Pradesh
Source: Accord Fintech
2024-02-21 01:30:42 pm
Ashok Leyland flags off work on new factory for making e-buses in Lucknow Hinduja Group auto major Ashok Leyland on Tuesday flagged off work on the construction of a new integrated commercial vehicle plant for manufacturing electric buses in Uttar Pradesh. “The primary focus shall be on production of electric buses, while also having capability to produce other vehicles powered by existing and other emerging alternative fuels,” the company said. UP Chief Minister Chief Minister Yogi Adityanath laid the foundation stone for the factory in a ceremon...
Ashok Leyland flags off work on new factory for making e-buses in Lucknow
Ashok Leyland flags off work on new factory for making e-buses in Lucknow
Source: IANS
2024-02-20 04:09:24 pm
Buy Ashok Leyland Ltd For Target Rs. 208 - LKP Securities Ashok Leyland (AL) reported solid topline growth of 2.7% yoy and 3.8% yoy drop. Volumes during the quarter saw a moderation of 7% yoy growth and a 6% qoq fall. Realizations grew by 2% qoq, while fell by 4.4% yoy. The company witnessed a small decline in MHCV market share, while gained market share by 1-2% in the LCVs business, while bus market share saw a significant growth. EBITDA margins expanded to 12% up by 80 bps sequentially and 320 bps yoy from 8.8%. This was due to decreased commodity...
Buy Ashok Leyland Ltd For Target Rs. 208 - LKP Securities
Buy Ashok Leyland Ltd For Target Rs. 208 - LKP Securities
Source: LKP Securities
2024-02-20 12:27:03 pm
Ashok Leyland Ltd for Target Rs. 214 - ARETE Securities Ltd Revenue for Q3 came at INR 92,730 Mn up 3% on YoY basis and down 4% on sequential basis. The company posted an EBITDA of Rs. 11,139 Mn (up 39.7% YoY / up 3.2% QoQ), surpassing market estimates, primarily driven by robust performance in its non-auto businesses partially offset by higher-than-anticipated other expenses. EBITDA margin expanded by 318 bps YoY to 12.0%, expansion in margin was achieved due to change in mix and reduction in RM cost. Looking ahead, the company aims for a mid-teen EB...
Ashok Leyland Ltd for Target Rs. 214 - ARETE Securities Ltd
Ashok Leyland Ltd for Target Rs. 214 - ARETE Securities Ltd
Source: ARETE Securities Ltd
2024-02-14 02:10:21 pm
Ashok Leyland rises on investing around Rs 536.73 crore in Optare Plc. UK Ashok Leyland is currently trading at Rs. 172.00, up by 0.70 points or 0.41% from its previous closing of Rs. 171.30 on the BSE. The scrip opened at Rs. 171.30 and has touched a high and low of Rs. 172.95 and Rs. 169.85 respectively. So far 583914 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 investing around Rs 536.73 crore in Optare Plc. UK
Ashok Leyland rises on investing around Rs 536.73 crore in Optare Plc. UK
Source: Accord Fintech
2024-02-13 12:28:04 pm
Ashok Leyland posts 60% rise in Q3 net profit at Rs 580 crore  Heavy vehicle manufacturer Ashok Leyland on Monday reported a 60 per cent increase in its standalone net profit at Rs 580 crore for the October-December quarter of the current financial year (FY 2023-24). The company had posted a net profit of Rs 361 crore in the same quarter of the previous fiscal. The company's standalone revenue during the third quarter came in at Rs 9,273 crore, up 2.7 per cent from Rs 9,030 crore in the same quarter of the preceding financial year, the co...
Ashok Leyland posts 60% rise in Q3 net profit at Rs 580 crore
Ashok Leyland posts 60% rise in Q3 net profit at Rs 580 crore
Source: IANS
2024-02-06 11:21:29 am
Ashok Leyland rises on delivering 14T Boss Electric truck to Billion E-Mobility Ashok Leyland is currently trading at Rs. 183.50, up by 4.25 points or 2.37% from its previous closing of Rs. 179.25 on the BSE. The scrip opened at Rs. 187.00 and has touched a high and low of Rs. 187.00 and Rs. 182.15 respectively. So far 1093955 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 delivering 14T Boss Electric truck to Billion E-Mobility
Ashok Leyland rises on delivering 14T Boss Electric truck to Billion E-Mobility
Source: Accord Fintech
2024-02-06 10:03:09 am
Ashok Leyland rides high on securing order for 1225 buses from Karnataka State Transport Undertakings Ashok Leyland is currently trading at Rs. 173.10, up by 1.75 points or 1.02% from its previous closing of Rs. 171.35 on the BSE. The scrip opened at Rs. 171.05 and has touched a high and low of Rs. 174.50 and Rs. 167.90 respectively. So far 711099 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 rides high on securing order for 1225 buses from Karnataka State Transport Undertakings
Ashok Leyland rides high on securing order for 1225 buses from Karnataka State Transport Undertakings
Source: Accord Fintech
2024-01-18 03:09:38 pm
Ashok Leyland rises on earmarking investments of Rs 1,200 crore in Tamil Nadu over next 3 to 5 years Ashok Leyland is currently trading at Rs. 178.85, up by 0.70 points or 0.39% from its previous closing of Rs. 178.15 on the BSE. The scrip opened at Rs. 179.65 and has touched a high and low of Rs. 180.45 and Rs. 178.15 respectively. So far 368596 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 earmarking investments of Rs 1,200 crore in Tamil Nadu over next 3 to 5 years
Ashok Leyland rises on earmarking investments of Rs 1,200 crore in Tamil Nadu over next 3 to 5 years
Source: Accord Fintech
2024-01-09 12:57:00 pm