Name: Latest research reports of Ashok Leyland Ltd. authored by Deven Choksey and published by - Trendlyne research reports.
Item: Ashok Leyland Ltd.
Rating: 4
Author: Deven Choksey

Ashok Leyland Ltd.

19 Nov 2025

159.75

7.25%

Robust operational quarter led by improving demand, better mix, and disciplined cost control

Accumulate: Ashok Leyland Ltd.

Recommendation Target

Deven Choksey

Ashok Leyland enters H2FY26 on a strong footing, supported by improving freight activity, GST-led demand uplift, and a healthy order environment across trucks, buses and LCVs.

Ashok Leyland Ltd. has an average target of 159.20 from 10 brokers.

Tata Motors Passenger Vehicles Ltd.

19 Nov 2025

357.80

-0.40%

A challenging quarter with JLR heavily impacted by the cyber incident while the domestic PV business delivered growth

Hold: Tata Motors Passenger Vehi...

Target

Deven Choksey

Tata Motors Passenger Vehicles’ Q2 was a challenging quarter, overwhelmingly shaped by the operational shutdown at JLR following the cyber attack incident, which triggered a steep drop in volumes, sharp margin compression.

Deven Choksey decreased Hold price target of Tata Motors Passenger Vehicles Ltd. to 378.0 on 19 Nov, 2025.

Bank Nifty

19 Nov 2025

59737.30

0.35%

DAILY MARKET MIRROR

Bank Nifty

SBI Securities

END OF DAY SUMMARY

Bank Nifty is trading above all available SMAs

Nifty 50

19 Nov 2025

26215.55

0.04%

Daily Derivative Report

Nifty 50

SBI Securities

Retail Research

Nifty 50 is trading above all available SMAs

Nifty 50

19 Nov 2025

26215.55

0.04%

BAZAAR PULSE

Nifty 50

invest4Edu

MARKET SNAPSHOT

invest4Edu released a Daily Note report for Nifty 50 on 27 Nov, 2025.

Greenpanel Industries Ltd.

18 Nov 2025

252.75

-2.13%

Economies of scale to aid margin expansion; maintaining a BUY

Buy: Greenpanel Industries Ltd.

Target

Anand Rathi

Greenpanel Industries’ revenue surged 17.5% y/y to ~Rs3.9bn in Q2 FY26, led by strong MDF performance despite soft performance on Plywood. Gross profit rose 16% y/y to Rs1.9bn, while EBITDA fell 17% y/y, led by higher employee cost/other operating expenses.

Greenpanel Industries Ltd. is trading below all available SMAs

Mas Financial Services Ltd.

18 Nov 2025

304.40

-1.01%

Resilient through cycles; positioned for steady compounding

Buy: Mas Financial Services Ltd.

Target

Motilal Oswal

MAS Financial (MAS) navigated 1HFY26 with prudence amid macro moderation and sectoral stress. It maintained a strong focus on both portfolio quality and profitability.

Mas Financial Services Ltd. is trading below its 30 day SMA of 307.8

Happy Forgings Ltd.

18 Nov 2025

1039.20

0.12%

Growth to revive led by pick-up in demand and new wins

Buy: Happy Forgings Ltd.

Motilal Oswal

One of the key investor concerns for Happy Forgings (HFL) has been its subdued revenue growth over the past few quarters, despite a strong order backlog, which is also reflected in the stock’s underperformance over the past 12M relative to the broader index.

Happy Forgings Ltd. has an average target of 1228.00 from 3 brokers.

Lodha Developers Ltd.

18 Nov 2025

1156.60

-0.60%

MMR powerhouse, Pune scaler, Bengaluru riser, NCR newcomer

Buy: Lodha Developers Ltd.

Motilal Oswal

LODHA’s presales are expected to clock a 22% CAGR, supported by healthy collections and debt at comfortable levels of 0.25x by the end of 1HFY26, despite aggressive BD additions of INR250b.

Motilal Oswal released a Buy report for Lodha Developers Ltd. with a price target of 1888.0 on 18 Nov, 2025.

Shree Cements Ltd.

18 Nov 2025

26755.00

-0.67%

Slow growth in core market and limited scale cap upside

Neutral: Shree Cements Ltd.

Motilal Oswal

Shree Cement (SRCM) has been comparatively slower than its peers in terms of capacity expansion in one of its core markets in the north region, which led to market share loss for SRCM and also risks its pricing strategy over the medium term.

Shree Cements Ltd. is trading below all available SMAs