Ashok Leyland Ltd Share Price (ASHOKLEY)

Ashok Leyland Ltd Up 1.29% on NSE - 24 Apr, 2024

Ashok Leyland Ltd is trading at Rs 176.9, up 1.29% on the day and has gained 26.22% in the last year compared to a 26.35% gain in NIFTY and a 70.27% gain in the Nifty Auto index. The stock's PE ratio based on TTM earnings ending December 23 is 20.94.

Ashok Leyland's Growth Lags Behind Price - 21 Apr, 2024

Ashok Leyland has shown exceptional growth in the last year, but EPS has barely risen from three years ago. Analysts estimate 10% per annum growth for the next three years, lower than the market forecast of 20%. The company maintains a low P/E ratio due to this expected lower growth. Unless conditions improve, it may continue to form a barrier for share price.

Landmark Cars Reports Decline in Net Profit, Increase in Revenue - 20 Apr, 2024

Landmark Cars, which caters to the commercial vehicle retail business of Ashok Leyland in India, reported a 28.85% decline in consolidated net profit to Rs 184.81 crore in Q3 FY24 compared to the same period last year. However, revenue from operations increased by 9.49%. The stock rose 0.56% to end at Rs 768.20 on Friday.

Ashok Leyland Downgraded by ICICI Securities; Partners with South Indian Bank for Financing Dealers - 18 Apr, 2024

ICICI Securities has downgraded Ashok Leyland to 'Sell' and set a target price of Rs 140 due to the peaking of the commercial vehicle growth cycle. Meanwhile, Ashok Leyland has partnered with South Indian Bank to provide financing support to its dealers under the bank's dealer finance scheme.

Ashok Leyland Subsidiary Allots Shares to Investor - 16 Apr, 2024

Ashok Leyland subsidiary, Hinduja Tech, has approved the allotment of Compulsorily Convertible Preference shares and Equity shares to investors. The company issued 5,12,12,923 series A, 0.005% compulsorily convertible preference shares (CCPS) at Rs 76.55 per share totalling to Rs 392.03 crore with voting rights and 10 equity shares at face value of Rs 10 per share and premium of Rs 66.55 per share totalling to Rs 765.50. ALL's total shareholding in HTL got reduced to 58.75% from 73.03%.

Prabhudas Lilladher Gives Buy Call on Ashok Leyland with Target Price of Rs 210 - 09 Apr, 2024

Ashok Leyland Ltd. reported a consolidated total income of Rs 11,119.45 crore for the quarter ended December 31, 2023, down -3% from last quarter and up 6.61% YoY. The company's net profit after tax was Rs 602.76 crore in the latest quarter. Promoters held 51.53% stake in the company as of Dec 31, 2023, while FIIs owned 20.48%, DIIs 14.54%. Prabhudas Lilladher has given a buy call on Ashok Leyland with a target price of Rs 210.

Ashok Leyland Declares Interim Dividend - 03 Apr, 2024

Automotive manufacturer Ashok Leyland has declared an interim dividend of Rs 4.95 per equity share for the financial year ending 2023-24. The record date is set as April 3 and the said dividend will be paid on or before April 23, 2024.

Ashok Leyland Reports Decline in Sales and Introduces Hydrogen-Powered Trucks - 02 Apr, 2024

Ashok Leyland reported a 7% decline YoY in its March sales, while also introducing hydrogen-powered trucks in line with the government's green mobility agenda. The company's Q3 FY24 standalone net profit jumped 60.51% YoY to Rs 580 crore.

Ashok Leyland Sales Figures Awaited Amidst Mixed Trends - 01 Apr, 2024

Ashok Leyland is set to release its March total sales figures while the Indian government aims to eliminate petrol and diesel vehicles. Automobile companies are expected to report mixed trends in their monthly and FY24 sales figures.

Ashok Leyland Ltd Up 1.6% on NSE - 28 Mar, 2024

Ashok Leyland Ltd is trading at Rs 171.7, up 1.6% on the day and has gained 25.83% in the last year compared to a 31.28% gain in NIFTY and a 76.27% gain in the Nifty Auto index.

Ashok Leyland Declares Interim Dividend and Reports Strong Q3 Results - 26 Mar, 2024

Ashok Leyland announces an interim dividend of Rs 4.95 per share for the financial year ending March 2024. The company reported a strong Q3FY24 with a net profit of Rs 580 crore, up 60.5% YoY, and revenue growth of 2.7% YoY.