|
18 Sep 2025 |
Ashok Leyland
|
Consensus Share Price Target
|
136.77 |
141.24 |
- |
3.27 |
buy
|
|
|
|
|
26 Jul 2023
|
Ashok Leyland
|
Geojit BNP Paribas
|
136.77
|
210.00
|
181.10
(-24.48%)
|
Target met |
Buy
|
|
|
|
|
25 Jul 2023
|
Ashok Leyland
|
Axis Direct
|
136.77
|
210.00
|
182.80
(-25.18%)
|
Target met |
Buy
|
|
|
We have BUY rating on the stock
|
|
25 Jul 2023
|
Ashok Leyland
|
Prabhudas Lilladhar
|
136.77
|
225.00
|
182.80
(-25.18%)
|
Target met |
Buy
|
|
|
|
|
25 Jul 2023
|
Ashok Leyland
|
ICICI Securities Limited
|
136.77
|
185.00
|
182.45
(-25.04%)
|
Target met |
Hold
|
|
|
Ashok Leyland’s (AL) Q1FY24 EBITDA margin at 10% (up 560bps YoY) was ~100bps ahead of consensus estimate, despite it being a seasonally weak quarter. Margin expansion was led primarily by gross margin improvement through favourable mix (higher mix of spares and gensets), controlled discounting and cost-saving initiatives.
|
|
24 Jul 2023
|
Ashok Leyland
|
Motilal Oswal
|
136.77
|
210.00
|
182.45
(-25.04%)
|
Target met |
Buy
|
|
|
|
|
30 Jun 2023
|
Ashok Leyland
|
BOB Capital Markets Ltd.
|
136.77
|
199.00
|
167.40
(-18.30%)
|
Target met |
Buy
|
|
|
Targeting ~35% MHCV market share in FY24 by growing to 50% of the southern market (vs. 40%) and holding at 35% in North/Central India
|
|
16 Jun 2023
|
Ashok Leyland
|
ICICI Securities Limited
|
136.77
|
176.00
|
164.40
(-16.81%)
|
Target met |
Accumulate
|
|
|
We attended the Ashok Leyland (AL) investor meet and following are the key takeaways: 1) Company is aiming to take its goods M&HCV market share to ~35% on a sustainable basis in the near term by targeting largely the northern and eastern states, where its market share is sub-30%.
|
|
16 Jun 2023
|
Ashok Leyland
|
Prabhudas Lilladhar
|
136.77
|
215.00
|
164.40
(-16.81%)
|
Target met |
Buy
|
|
|
|
|
15 Jun 2023
|
Ashok Leyland
|
Motilal Oswal
|
136.77
|
180.00
|
157.35
(-13.08%)
|
Target met |
Buy
|
|
|
|
|
15 Jun 2023
|
Ashok Leyland
|
Sharekhan
|
136.77
|
181.00
|
164.40
(-16.81%)
|
Target met |
Buy
|
|
|
|