|
30 Aug 2025 |
Ashok Leyland
|
Consensus Share Price Target
|
126.98 |
137.78 |
- |
8.51 |
buy
|
|
|
|
|
01 Aug 2022
|
Ashok Leyland
|
LKP Securities
|
126.98
|
175.00
|
148.50
(-14.49%)
|
Target met |
Buy
|
|
|
|
|
01 Jul 2022
|
Ashok Leyland
|
Ashika Research
|
126.98
|
170.00
|
146.30
(-13.21%)
|
Target met |
Buy
|
|
|
|
|
02 Jun 2022
|
Ashok Leyland
|
Geojit BNP Paribas
|
126.98
|
162.00
|
139.50
(-8.97%)
|
Target met |
Buy
|
|
|
|
|
23 May 2022
|
Ashok Leyland
|
Yes Securities
|
126.98
|
163.00
|
140.30
(-9.49%)
|
Target met |
Buy
|
|
|
|
|
23 May 2022
|
Ashok Leyland
|
Axis Direct
|
126.98
|
160.00
|
135.80
(-6.49%)
|
Target met |
Buy
|
|
|
We maintain our BUY rating on the stock, keeping the TP of Rs 160 unchanged, valuing the stock at 19x its FY24E EPS, implying an upside of 23% from CMP.
|
|
23 May 2022
|
Ashok Leyland
|
LKP Securities
|
126.98
|
173.00
|
139.05
(-8.68%)
|
Pre-Bonus/
Split |
Buy
|
|
|
|
|
23 May 2022
|
Ashok Leyland
|
Prabhudas Lilladhar
|
126.98
|
170.00
|
137.40
(-7.58%)
|
Pre-Bonus/
Split |
Buy
|
|
|
|
|
21 May 2022
|
Ashok Leyland
|
Motilal Oswal
|
126.98
|
170.00
|
135.80
(-6.49%)
|
Pre-Bonus/
Split |
Buy
|
|
|
|
|
21 May 2022
|
Ashok Leyland
|
Sharekhan
|
126.98
|
165.00
|
140.30
(-9.49%)
|
Target met |
Buy
|
|
|
|
|
26 Apr 2022
|
Ashok Leyland
|
Motilal Oswal
|
126.98
|
165.00
|
127.00
(-0.02%)
|
Target met |
Buy
|
|
|
AL has witnessed a steep erosion in market share over the last two years led by: a) Covid-induced adverse impact on bus sales, b) lack of CNG models in ICV portfolio, c) portfolio gap in high power M&HCV segment and d) higher decline in southern region (AL has highest market share) sales v/s other regions. ALs' domestic M&HCV market share recovered ~3.6pp/4.3pp QoQ to 26.1%/30.4% in 3QFY22/4QFY22. This is further expected to improve driven by recovery in bus segment, plugging the product gaps (CNG model launch in ICV portfolio in Feb-22 and high power model launch in M&HCV segment in Dec21) and revival in the Southern region....
|