Ashok leyland stock Rise: Auto sector giant Ashok Leyland’s stock suddenly shone on Monday. The stock recorded up to 9% and reached Rs 132. This bounce is surprising investors as the stock closed at Rs 121 a few days ago.
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Two main reasons for speed (Ashok Leyland Stock Rise)
Discussion of GST reforms: There are speculations in the market that the central government can cut GST rates on two-wheelers, small cars and hybrid passenger vehicles before Diwali 2025. If the tax is reduced, the fall in prices may increase the demand of customers and the sale of auto companies may rise.
Fresh Targets of Brokerage: After the recent June Quarter (FY 2026) results, large brokerage firms have set new targets on Ashok Leyland, which further strengthened the trust of investors.
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Quarterly results (Ashok Leyland Stock Rise)
The company’s net profit rose 13% to Rs 593 crore on an annual basis. At the same time, revenue rose 1.5% to Rs 8,724 crore.
Brokerage houses attitude (Ashok Leyland Stock Rise)
UBS → Buy Rating, Target ₹ 150
Goldman Sachs → Buy Rating, Target ₹ 140
CITI → Buy Rating, Target ₹ 140
Jefferies → Hold Rating, Target ₹ 120 (Shares has already crossed this level)
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Analyst opinion (Ashok Leyland Stock Rise)
Around 43 analysts are covering this stock:
- 33 advised to purchase (BUY)
- 6 rated the Hold
- 3 rated the cell
Overall, Ashok Leyland’s stock is currently on investors’ radar. The question is whether GST improvement and positive targets of brokerage will take this stock to the next large level in the coming months?
