Ashok Leyland Ltd (ASHOKLEY)

Ashok Leyland Ltd Stock Trades Slightly Up, MACD Signals Bearish Bias - 24 Jul, 2024

Shares of Ashok Leyland traded slightly up at Rs 228.3 with a price-to-earnings ratio of 27.06 and a price-to-book value of 5.58. The company reported consolidated sales of Rs 13613.29 crore for the latest quarter, while the MACD signalled a bearish bias on the counter.

Ashok Leyland Expects Boost in Sales from Budget 2024-25 - 23 Jul, 2024

Dheeraj Hinduja, Executive Chairman of Ashok Leyland, expects the focus on private investment in infrastructure, mining, and housing sectors in Budget 2024-25 to boost sales of commercial vehicles.

Ashok Leyland Launches M&HCV Expo Series - 19 Jul, 2024

Ashok Leyland has launched its M&HCV Expo series, showcasing its latest range of products and solutions, including India's first modular platform AVTR range.

Ashok Leyland Subsidiaries Make Key Announcements - 18 Jul, 2024

Hinduja Tech, a subsidiary of Ashok Leyland, has announced the acquisition of TECOSIM Group. Meanwhile, Switch Mobility, another Ashok Leyland subsidiary, has commenced delivery of its IeV3 electric small truck equipped with advanced telematics technology.

Ashok Leyland's Hinduja Tech Acquires Tecosim Group - 17 Jul, 2024

Hinduja Tech, a subsidiary of Ashok Leyland, has announced its acquisition of Germany-based Tecosim Group for 21 million euros. The move broadens Hinduja Tech's scope in European and international markets, fortifying its position as a leading provider of mobility engineering services worldwide.

Ashok Leyland Bags Order for 2,104 Buses - 15 Jul, 2024

Ashok Leyland has secured its largest single order to date for 2,104 Viking passenger buses worth Rs 981.5 crore from the Maharashtra State Road Transport Corporation (MSRTC). The modern buses will be fully compliant with the latest Central Motor Vehicle Rules standards and feature state-of-the-art technology, enhancing safety, comfort, and lowering total cost of ownership.

Private Companies Hold 40% Stake in Ashok Leyland Ltd - 13 Jul, 2024

Private companies are the largest shareholders of Ashok Leyland Limited with a 40% ownership stake, while institutions own 32%. Insider ownership is under 1%, and the general public owns 28%.

Ashok Leyland's 'Road to School' Programme Extended to 353 Schools - 08 Jul, 2024

Ashok Leyland's 'Road to School' programme, aimed at improving primary and middle school education in government schools, has been extended to 353 schools in Erode, Salem, and Dharmapuri districts. The CSR initiative has reached over 1,700 schools and benefited two lakh students across six states, creating a positive impact on learning levels, life skills development, sports, and art.

Mixed Day for Ashok Leyland Stock - 04 Jul, 2024

Ashok Leyland's stock saw mixed performance as it gained slightly in the morning but fell for the fifth consecutive session later in the day. The company reported consolidated sales of Rs 13613.29 crore for Q1 2024, up 22.43% from the previous quarter. The MACD signalled a bearish bias on the counter.

Ashok Leyland Ltd Stock Trades 2.19% Up - 03 Jul, 2024

Shares of Ashok Leyland Ltd traded 2.19% up at Rs 229.1, with a trading volume of 761,311 shares. The stock has climbed 50.43% in the last one year till date and reported consolidated sales of Rs 13613.29 crore for the latest quarter. MACD signalled a bearish bias on the counter.

Ashok Leyland Prepares for Clean Energy Vehicles and Launches Scrappage Facility - 02 Jul, 2024

Ashok Leyland is set to offer a range of clean energy vehicles beyond electric propulsion and has launched its first-ever vehicle scrappage facility under a franchise model. The company anticipates growth in the commercial vehicle industry driven by replacement demand, mandatory scrapping of older government vehicles, and steady macro-economic growth.

Ashok Leyland Reports Lower-Than-Expected June Auto Sales - 01 Jul, 2024

Ashok Leyland reported lower-than-expected June auto sales with a decline of 1.84% YoY, causing the stock to fall by almost 2%. The medium and heavy commercial vehicles segment saw a decline of 4%, while bus sales jumped 8%.

Ashok Leyland Works on Energy Efficiency for EVs - 29 Jun, 2024

Ashok Leyland's engineering team is developing the Newton Truck Project to improve energy efficiency and reduce import dependence in electric vehicles. However, logistics companies are facing challenges transitioning to EVs.

Ashok Leyland Collaborates with Bajaj Finance for Vehicle Financing Solutions - 28 Jun, 2024

Ashok Leyland has entered into a strategic partnership with Bajaj Finance to offer customized financial solutions for its customers nationwide. The collaboration aims to strengthen Ashok Leyland's market position and boost business growth through shared marketing and financing initiatives.

Ashok Leyland Stock Trades Higher Despite Bearish Bias - 27 Jun, 2024

Despite a bearish signal from the MACD, Ashok Leyland stock climbed 0.68% to trade at Rs 241.85 and has gained 58.8% in the last year. The company's ROCE remains stable at 17%, providing nice rewards to shareholders.

Ashok Leyland Expands Presence with New Dealership - 26 Jun, 2024

Ashok Leyland has inaugurated a new dealership for its light commercial vehicles division in Madhya Pradesh. The new dealership, Sunil MotoCorp, is the eighth 3S facility and offers a range of LCV products including BADA DOST, DOST, PARTNER AND MiTR.