Price History
Defense stocks Ashok Leyland, Bharat Electronics, and GRSE are showing promising signs following periods of consolidation, according to Bajaj Broking. The brokerage sets targets at ₹464 for Bharat Electronics, ₹2918 for GRSE, and ₹176 for Ashok Leyland due to favorable risk-reward scenarios and robust technical trends.
Ashok Leyland wins a significant order for 715 vehicles, primarily AVTR 3120 trucks, from VRL Logistics. Approximately 300 vehicles have already been delivered, with the remaining 415 set to be handed over this year, contributing to enhanced operational efficiency for VRL Logistics.
Ashok Leyland's board will deliberate on a potential second interim dividend for their 2025-26 financial year on May 28, 2026. Shareholders must ensure they are registered by June 3 to be eligible for the payout, with trading restrictions already in place since April 1.
The BSE 100 undergoes changes with the addition of Paytm, Ashok Leyland, and CG Power, while Ambuja, Tube Investments, and Colgate-Palmolive are now no longer part of this index.
The Bombay Stock Exchange (BSE) has announced changes effective June 22, 2026. Ashok Leyland will now be part of the BSE 100, while TVS Motor enters the Sensex 50. Notably, Adani Enterprises is out of Sensex 50, and Cyient departs from Focused IT. Shares of BSE Ltd see a slight increase of 0.2%.
Hinduja Leyland Finance, a subsidiary of Ashok Leyland, is planning to merge with NDL Ventures following regulatory review by SEBI. The merger is subject to approval from shareholders and meeting the necessary compliance requirements.
Effective in May 2026, Brijesh Suresh assumes the CEO role for Ashok Leyland's subsidiary, OHM Global Mobility. Prior to this appointment, he held a Board Member position at Ola from June 2023 until his new role begins.
Ashok Leyland is suggested as a buy at around Rs 170-180, with potential targets reaching Rs 200-260. A stop loss of Rs 150 is advised. Additionally, Delhivery, Godfrey Phillips, RK Forgings, and Canara Bank are also recommended for diverse sectoral gains.
Ashok Leyland saw a 9% increase in vehicle sales for April compared to the same month last year, selling 14,646 units, signifying growth and consumer interest in their products.
The Indian government has intensified localisation requirements for e-truck subsidies, which may affect Tata Motors and Ashok Leyland significantly. Starting from now, critical components such as battery management systems must be locally produced. However, imports will still be allowed until August 2026 to qualify for incentives.
Morgan Stanley advises selling Ashok Leyland shares due to imminent pressure, suggesting potential difficulties for the truck manufacturer that warrants cautious investment strategies.
Morgan Stanley suggests considering a strategic sale of Ashok Leyland shares, setting a target price of INR 180. The company maintains an equal weight rating on the automaker.
Auto stocks such as Ashok Leyland and M&M experienced a dip on Thursday, contrasted by the impressive performance of pharma stocks, suggesting a challenging day for automotive companies compared to the pharmaceutical sector's success.
The auto sector faces a setback today as Nifty Auto drops 2%, with Maruti Suzuki, TVS, and Ashok Leyland seeing a 4% decline due to profit-taking amidst rising crude prices and ongoing geopolitical issues. These factors are creating headwinds for the sector's growth.
Experts advise investors to maintain their positions in SBI and Oracle Financial but suggest offloading shares of Jio Financial due to its disappointing performance. Meanwhile, they recommend considering Sterling Wilson as well.
Ashok Leyland, APL Apollo, PB Fintech, HPCL, and Cummins experienced significant losses in the midcap segment today. The steep drop of nearly 15% in Jyoti CNC shares can be attributed to a French investigation, leading to an unfavorable 2:3 advance-decline ratio on the NSE.
Ashok Leyland aims to boost profits by focusing on the premium heavy commercial vehicle segment, indicating a shift away from volume growth.
Today, Ashok Leyland experienced a significant jump of 13%, reaching an intraday high of ₹172.79, largely due to the positive impact from the US-Iran ceasefire. Additionally, the Reserve Bank of India's decision to keep the repo rate unchanged and a 7% rise in the Nifty Auto index contributed to Ashok Leyland's market capitalization surpassing ₹1 trillion.
Ashok Leyland's shares surged by 12%, mirroring a broader market uptrend, with the Nifty index climbing over 800 points today. This surge could be attributed to improved investor sentiment and positive market conditions.
The Nifty Auto index experienced a 7% increase today, primarily driven by strong performances from companies like Ashok Leyland, Tata Motors, Eicher Motors, and others. This surge can be attributed to the dip in crude prices, stable production levels, and robust auto sales figures for March, which appear to be aiding recovery from earlier lows caused by the ongoing geopolitical issues.
Vaishali Parekh suggests investors consider purchasing stocks in IHC, Ashok Leyland, and IOC as market conditions remain volatile. Support for the Nifty is at 21,800, while a break above 54,000 by Bank Nifty could potentially boost sentiment.
Ganesh Dongre from Anand Rathi suggests investing in Ashok Leyland, Asian Paints, and Kaynes Tech India as they are recommended buy picks. The Nifty 50 is facing resistance at 23,500 but has support at 22,000. Meanwhile, Bank Nifty's range stands between 49,500 and 53,000.
Motilal Oswal maintains a positive outlook for Ashok Leyland, setting a price target of ₹185 following a recent management meeting. They encourage investors to consider buying shares in the company.
Ashok Leyland's futures have experienced a substantial surge on the National Stock Exchange (NSE) due to a notable jump in open interest, with an increase of over 10% compared to previous trades across nine stocks, according to The Economic Times.
Auto stocks saw a significant boost today as the Nifty Auto index rose by 3.7%, outperforming the Nifty 50's 2.6% gain. Analysts at Jefferies predict double-digit year-on-year growth for key OEMs such as Ashok Leyland, Tata Motors, and TVS Motor.
Ashok Leyland experienced a significant block trade on the NSE, with over 1 million shares exchanging hands for approximately INR 16.6 crore at a price of INR 155.86 per share.
Ashok Leyland's March sales increased by 5.5% year-on-year to 25,381 units, but fell short of the predicted 26,400 units, suggesting a slight miss in market expectations despite growth compared to last year.
Ashok Leyland's recent sales figures fell short of projected targets, indicating a potential slowdown in demand for their products. Investors may want to keep an eye on the company's performance moving forward.
Ashok Leyland's shares saw a 7% decline due to the company falling short of projected 15% growth in March sales, with actual growth at 5%. The company experienced an 11% increase in M&HCV truck sales but a 24% drop in bus sales and a 12% rise in LCV sales. Trading prices currently stand at ₹151.75, down from the previous high of ₹215.75.
Tata Motors and Ashok Leyland experienced significant drops today, with Tata Motors declining by 9% and Ashok Leyland by 5%, contrasting the BSE Auto index's drop of 1.9%. This dip may be due to concerns over rising oil prices and potential conflicts in West Asia, which could lead to inflation, reduced commercial vehicle demand, and slower GDP growth, despite a strong retail commercial vehicle market.