Get started
ASHOK LEYLAND LTDAA

ASHOK LEYLAND LTD

204.22INRR
−4.30−2.06%
At close at Mar 28, 10:29 GMT
INR
No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Options

ASHOKLEY trade ideas

Stock Analysis: Ashok Leyland LtdIntroduction: Ashok Leyland is the flagship Company of the Hinduja group, having a long-standing presence in the domestic medium and heavy commercial vehicle (M&HCV) segment. Fundamentals: Market Cap: ₹ 57,741 Cr.; Stock P/E: 20.7 (Ind. P/E: 18.84); 👎 ROCE: 15.0% 👎; ROE: 28.4% 👍; PEG Ratio: 0.22 👍 3 Years Sales Growth: 33% 👍 3 Years Compounded Profit Growth: 206 % 👍 3 Years Stock Price CAGR: 21% 👍 Technicals: Ashok Leyland has been in a downtrend since attaining 262 levels in Aug 2024. The stock price has fallen below all the significant support levels like 20, 50, and 100 EMAs. Resistance levels: 237, 262 Support levels: 193, 178
NSE:ASHOKLEYLong
by shanmurali
Stock Analysis: Ashok Leyland LtdIntroduction: Ashok Leyland is the flagship Company of the Hinduja group, having a long-standing presence in the domestic medium and heavy commercial vehicle (M&HCV) segment. Fundamentals: Market Cap: ₹ 57,741 Cr.; Stock P/E: 20.7 (Ind. P/E: 18.84); 👎 ROCE: 15.0% 👎; ROE: 28.4% 👍; PEG Ratio: 0.22 👍 3 Years Sales Growth: 33% 👍 3 Years Compounded Profit Growth: 206 % 👍 3 Years Stock Price CAGR: 21% 👍 Technicals: Ashok Leyland has been in a downtrend since attaining 262 levels in Aug 2024. The stock price has fallen below all the significant support levels like 20, 50, and 100 EMAs. Resistance levels: 237, 262 Support levels: 193, 178 Cons: Promoters have pledged 30.1% of their holding FII/FPI decreased their shareholding last quarter Companies with High Debt
NLong
by shanmurali
2
A rally to exit!!Ashok Leyland CMP- 200 Fibs- the stock is down to fib support along with trendline support. With RSI too at its previous support, to me this stock should reverse from here. Elliott- this is a zig zag corrective pattern. The B leg is an expanded flat. The c of B will likely go nearly to highs. Conclusion- The rally will push the RSI under the averages and also in the bear zone. This is a perfect set for a massive fall, which is also associated with the C waves.
N
by singh17vivek
Ashok Leyland Bearish View **Ashok Leyland** is one of India's leading commercial vehicle manufacturers, headquartered in **Chennai, Tamil Nadu**. It is a flagship company of the **Hinduja Group** and ranks among the largest producers of buses, trucks, and defense vehicles in the world. ### **Key Highlights of Ashok Leyland:** 🚛 **Commercial Vehicles:** - **Trucks** – Haulage, tippers, and tractor-trailers for logistics, mining, and construction. - **Buses** – City buses, school buses, and intercity coaches. - **LCVs (Light Commercial Vehicles)** – **Dost, Bada Dost, Partner, and MiTR** for small businesses. ⚡ **Electric & Alternative Fuel Vehicles:** - **EV Buses** – Focus on sustainable public transport solutions. - **CNG & LNG Trucks** – Expanding into green mobility with cleaner fuel options. 🏭 **Manufacturing & Global Presence:** - Plants across **India, UAE, UK, and Africa**. - **Strong exports** to over **50 countries** in the Middle East, Africa, and Latin America. 🛠 **Defense & Special Vehicles:** - Supplies **high-mobility military trucks** to the Indian Army and other defense forces. Would you like details on **specific models, pricing, dealerships, or new launches?** 🚛
NShort
by TheGoldenFarmsofEquity
2
Ashok leyland stock longAshok Leyland Ltd. is a prominent Indian manufacturer of commercial vehicles, including trucks and buses. Here's a comprehensive analysis of its current situation: **Fundamental Analysis:** - **Financial Performance:** - **Profit After Tax (PAT):** In Q3 FY2025, Ashok Leyland reported a 31.3% increase in PAT to ₹7.63 billion, surpassing analysts' expectations of ₹6.66 billion. This growth was primarily driven by a significant rise in exports, which offset a 2.2% decline in domestic sales. - **Revenue:** Revenue from operations increased by 2.2% to ₹94.79 billion in the same quarter. - **Cost Management:** The cost of materials and services decreased by 2.9%, contributing to improved profitability. - **Market Position:** - Ashok Leyland holds a 31% market share in the Medium and Heavy Commercial Vehicle (M&HCV) segment and a 20% share in the Light Commercial Vehicle (LCV) segment as of FY24. - **Valuation Metrics:** - **Price-to-Earnings (P/E) Ratio:** The P/E ratio stands at 23.15, indicating a premium valuation compared to the industry average. - **Price-to-Book (P/B) Ratio:** The P/B ratio is 5.55, reflecting a significant premium over the peer median of 3.53. - **Analyst Ratings:** - The consensus target price for Ashok Leyland is ₹252.90, suggesting a potential upside of approximately 13.36% from the current market price. **Technical Analysis:** - **Current Share Price:** As of February 24, 2025, the share price is ₹222.53. - **Support and Resistance Levels:** - **Support Level:** The immediate support is around ₹220, with a stronger support zone near ₹200. - **Resistance Level:** The immediate resistance is near ₹230, with a stronger resistance around ₹250. - **Price Performance:** - Over the past month, the stock has risen by 7.12%. - Over the past year, the stock has shown a 29.31% increase. **Recent Developments:** - In Q3 FY2025, the company reported a 31.3% increase in PAT due to higher exports, despite a 2.2% drop in total sales. **Conclusion:** Ashok Leyland has demonstrated robust financial performance, particularly in its export segment, contributing to its market leadership in the commercial vehicle industry. The stock is trading at a premium valuation, with analyst targets indicating potential for growth. Investors should monitor the company's export growth and cost management strategies, as well as broader economic factors influencing the commercial vehicle sector.
NLong
by Globaltradehub
Ashok Leyland: A Long-Term Bullish SetupTechnical Analysis: Ashok Leyland has maintained a robust bullish trend for an extended period. Since 2018, the stock faced significant resistance at the ₹160-₹168 level, which acted as a major barrier from 2016 to 2023. In June 2023, this resistance was decisively broken, turning it into strong support and confirming the continuation of the bullish trend. In 2024, the stock has consistently respected this support level, reinforcing its strength. Today, the stock recorded a trading volume of 36.51 million, the highest in the past six months. This surge in volume indicates strong buying interest, further confirming the ongoing bullish momentum. Currently, Ashok Leyland has formed a bull flag pattern, a classic continuation setup suggesting potential upward movement. If the flag breakout occurs, we can anticipate a move equal to the pole height of 88 points. Target Projections: • First Target: ₹236 • Second Target: ₹260 • Third Target: ₹300 This analysis is based on the weekly timeframe, signifying a strong long-term investment opportunity. Fundamental Analysis: Ashok Leyland has announced its Q3 FY24 earnings, demonstrating strong financial performance. The company's total revenue for the quarter stands at ₹12,060 crore, reflecting growth from ₹11,262 crore in Q2 FY24 and ₹11,119 crore in Q3 FY23, showcasing consistent upward momentum. The company’s expenses for Q3 FY24 amounted to ₹10,938 crore, compared to ₹10,314 crore in Q2 FY24 and ₹10,155 crore in Q3 FY23, indicating effective cost management while maintaining growth. Additionally, the net profit for the quarter reached ₹820 crore, improving from ₹767 crore in Q2 FY24 and ₹609 crore in Q3 FY23, reflecting a strong profitability trend. The Earnings Per Share (EPS) also improved to ₹2.59, compared to ₹2.40 in Q2 FY24 and ₹1.91 in Q3 FY23, reinforcing investor confidence. Following the strong Q3 results, the stock surged by 7%, with management emphasizing impressive financial performance and industry-leading margins. Furthermore, the company has successfully eliminated its debt, becoming net cash positive, a significant turnaround from past financial challenges. Management remains optimistic about future quarters, expecting even better performance and robust international growth prospects. Financial Performance Overview: Below is a comparison of key financial metrics for Ashok Leyland across the last quarter and last year (values in ₹ crore): Revenue Growth: ₹12,060 Cr in Q3 FY24, up from ₹11,262 Cr in Q2 FY24 and ₹11,119 Cr in Q3 FY23. Increase in Expenses: ₹10,938 Cr in Q3 FY24, compared to ₹10,314 Cr in Q2 FY24 and ₹10,155 Cr in Q3 FY23. Net Profit Surge: ₹820 Cr in Q3 FY24, higher than ₹767 Cr in Q2 FY24 and ₹609 Cr in Q3 FY23. EPS Improvement: Earnings per Share (EPS) at ₹2.59 in Q3 FY24, up from ₹2.40 in Q2 FY24 and ₹1.91 in Q3 FY23. Consistent Growth: Strong performance with a steady rise in revenue, profit, and EPS compared to both QoQ and YoY. The company's revenue has shown steady growth, with a 7.1% increase from Q2 FY24 and an 8.5% year-over-year increase from Q3 FY23. The net profit has grown significantly by 34.6% year-over-year, highlighting strong operational efficiency and financial health. EPS growth further reflects the company’s ability to generate higher returns for shareholders. Conclusion: With both technical and fundamental factors favouring the stock, Ashok Leyland presents a compelling long-term investment opportunity. A successful bull flag breakout could drive the stock towards higher levels in the coming months. The company’s improving financials, increasing revenue, and debt-free status further strengthen its investment appeal. Traders and investors should monitor the breakout levels closely and align their strategies accordingly. Disclaimer: This analysis is for educational purposes only. Investors should conduct their own research before making any trading decisions.
NLong
by ALICEBLUE
Ashok Leyland: A Long-Term Bullish SetupTechnical Analysis: Ashok Leyland has maintained a robust bullish trend for an extended period. Since 2018, the stock faced significant resistance at the ₹160-₹168 level, which acted as a major barrier from 2016 to 2023. In June 2023, this resistance was decisively broken, turning it into strong support and confirming the continuation of the bullish trend. In 2024, the stock has consistently respected this support level, reinforcing its strength. Today, the stock recorded a trading volume of 36.51 million, the highest in the past six months. This surge in volume indicates strong buying interest, further confirming the ongoing bullish momentum. Currently, Ashok Leyland has formed a bull flag pattern, a classic continuation setup suggesting potential upward movement. If the flag breakout occurs, we can anticipate a move equal to the pole height of 88 points. Target Projections: • First Target: ₹236 • Second Target: ₹260 • Third Target: ₹300 This analysis is based on the weekly timeframe, signifying a strong long-term investment opportunity. ________________________________________ Fundamental Analysis: Ashok Leyland has announced its Q3 FY24 earnings, demonstrating strong financial performance. The company's total revenue for the quarter stands at ₹12,060 crore, reflecting growth from ₹11,262 crore in Q2 FY24 and ₹11,119 crore in Q3 FY23, showcasing consistent upward momentum. The company’s expenses for Q3 FY24 amounted to ₹10,938 crore, compared to ₹10,314 crore in Q2 FY24 and ₹10,155 crore in Q3 FY23, indicating effective cost management while maintaining growth. Additionally, the net profit for the quarter reached ₹820 crore, improving from ₹767 crore in Q2 FY24 and ₹609 crore in Q3 FY23, reflecting a strong profitability trend. The Earnings Per Share (EPS) also improved to ₹2.59, compared to ₹2.40 in Q2 FY24 and ₹1.91 in Q3 FY23, reinforcing investor confidence. Following the strong Q3 results, the stock surged by 7%, with management emphasizing impressive financial performance and industry-leading margins. Furthermore, the company has successfully eliminated its debt, becoming net cash positive, a significant turnaround from past financial challenges. Management remains optimistic about future quarters, expecting even better performance and robust international growth prospects. ________________________________________ Financial Performance Overview: Below is a comparison of key financial metrics for Ashok Leyland across the last quarter and last year (values in ₹ crore): Revenue Growth: ₹12,060 Cr in Q3 FY24, up from ₹11,262 Cr in Q2 FY24 and ₹11,119 Cr in Q3 FY23. Increase in Expenses: ₹10,938 Cr in Q3 FY24, compared to ₹10,314 Cr in Q2 FY24 and ₹10,155 Cr in Q3 FY23. Net Profit Surge: ₹820 Cr in Q3 FY24, higher than ₹767 Cr in Q2 FY24 and ₹609 Cr in Q3 FY23. EPS Improvement: Earnings per Share (EPS) at ₹2.59 in Q3 FY24, up from ₹2.40 in Q2 FY24 and ₹1.91 in Q3 FY23. Consistent Growth: Strong performance with a steady rise in revenue, profit, and EPS compared to both QoQ and YoY. The company's revenue has shown steady growth, with a 7.1% increase from Q2 FY24 and an 8.5% year-over-year increase from Q3 FY23. The net profit has grown significantly by 34.6% year-over-year, highlighting strong operational efficiency and financial health. EPS growth further reflects the company’s ability to generate higher returns for shareholders. ________________________________________ Conclusion: With both technical and fundamental factors favouring the stock, Ashok Leyland presents a compelling long-term investment opportunity. A successful bull flag breakout could drive the stock towards higher levels in the coming months. The company’s improving financials, increasing revenue, and debt-free status further strengthen its investment appeal. Traders and investors should monitor the breakout levels closely and align their strategies accordingly. ________________________________________ Disclaimer: This analysis is for educational purposes only. Investors should conduct their own research before making any trading decisions.
NLong
by Rupesh_Chidharala
Ashok Leyland: A Long-Term Bullish SetupTechnical Analysis: Ashok Leyland has maintained a robust bullish trend for an extended period. Since 2018, the stock faced significant resistance at the ₹160-₹168 level, which acted as a major barrier from 2016 to 2023. In June 2023, this resistance was decisively broken, turning it into strong support and confirming the continuation of the bullish trend. In 2024, the stock has consistently respected this support level, reinforcing its strength. Today, the stock recorded a trading volume of 36.51 million, the highest in the past six months. This surge in volume indicates strong buying interest, further confirming the ongoing bullish momentum. Currently, Ashok Leyland has formed a bull flag pattern, a classic continuation setup suggesting potential upward movement. If the flag breakout occurs, we can anticipate a move equal to the pole height of 88 points. Target Projections: • First Target: ₹236 • Second Target: ₹260 • Third Target: ₹300 This analysis is based on the weekly timeframe, signifying a strong long-term investment opportunity. ________________________________________ Fundamental Analysis: Ashok Leyland has announced its Q3 FY24 earnings, demonstrating strong financial performance. The company's total revenue for the quarter stands at ₹12,060 crore, reflecting growth from ₹11,262 crore in Q2 FY24 and ₹11,119 crore in Q3 FY23, showcasing consistent upward momentum. The company’s expenses for Q3 FY24 amounted to ₹10,938 crore, compared to ₹10,314 crore in Q2 FY24 and ₹10,155 crore in Q3 FY23, indicating effective cost management while maintaining growth. Additionally, the net profit for the quarter reached ₹820 crore, improving from ₹767 crore in Q2 FY24 and ₹609 crore in Q3 FY23, reflecting a strong profitability trend. The Earnings Per Share (EPS) also improved to ₹2.59, compared to ₹2.40 in Q2 FY24 and ₹1.91 in Q3 FY23, reinforcing investor confidence. Following the strong Q3 results, the stock surged by 7%, with management emphasizing impressive financial performance and industry-leading margins. Furthermore, the company has successfully eliminated its debt, becoming net cash positive, a significant turnaround from past financial challenges. Management remains optimistic about future quarters, expecting even better performance and robust international growth prospects. ________________________________________ Key Highlights – Q3 FY24 Financial Performance Revenue Growth: ₹12,060 Cr in Q3 FY24, up from ₹11,262 Cr in Q2 FY24 and ₹11,119 Cr in Q3 FY23. Increase in Expenses: ₹10,938 Cr in Q3 FY24, compared to ₹10,314 Cr in Q2 FY24 and ₹10,155 Cr in Q3 FY23. Net Profit Surge: ₹820 Cr in Q3 FY24, higher than ₹767 Cr in Q2 FY24 and ₹609 Cr in Q3 FY23. EPS Improvement: Earnings per Share (EPS) at ₹2.59 in Q3 FY24, up from ₹2.40 in Q2 FY24 and ₹1.91 in Q3 FY23. Consistent Growth: Strong performance with a steady rise in revenue, profit, and EPS compared to both QoQ and YoY. The company's revenue has shown steady growth, with a 7.1% increase from Q2 FY24 and an 8.5% year-over-year increase from Q3 FY23. The net profit has grown significantly by 34.6% year-over-year, highlighting strong operational efficiency and financial health. EPS growth further reflects the company’s ability to generate higher returns for shareholders. ________________________________________ Conclusion: With both technical and fundamental factors favouring the stock, Ashok Leyland presents a compelling long-term investment opportunity. A successful bull flag breakout could drive the stock towards higher levels in the coming months. The company’s improving financials, increasing revenue, and debt-free status further strengthen its investment appeal. Traders and investors should monitor the breakout levels closely and align their strategies accordingly. ________________________________________ Disclaimer: This analysis is for educational purposes only. Investors should conduct their own research before making any trading decisions.
NLong
by Rupesh_Chidharala
1
ASHOKLEYLAND - Example of history repeats!Overview & Observation: 1. Beautiful clean breakouts. 2. Broke multiyear resistance level. 3. Earnings are strong. 4. Expecting a minor consolidation and further upmove Trade Plan: 1. Keep it on radar, and track it closely. - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
N
by SuperNova396
ASHOKLEY - To hit 290 in the coming weeks?Ashok Leyland - CMP 222 The stock looks ready for a good upmove provided the recent swing low of 200 holds Wave counts and technical Patterns (Rounding Bottom breakout) everything points the target towards 290 for the short-medium term Refer to the chart for counts on various Degree/TF and Technical Patterns Vth of Primary 3rd is now underway. On hourly TF, price broke above the falling trendline and broke the LH/LL structure.. There could be one more dip towards 210 levels.. and thereby make a double bottom structure but this current impulse could take the script to AVWAP from the TOP at 230 levels.. A good script to consider for Dec/Jan series
NLong
by Murthy_Santhosh
7
Ashokley - Dont be deceived by inv H&S - Pullback is dueCMP: 231.79 TF: 90 minutes First and foremost, my primary view is BULLISH on this counter (positional/investment) for a detailed view on the larger TF, read my analysis at Key Highlights/Positives: - Price successfully broke the swing high at 230.45 and negated the LH-LL structure. So, any pullback is a buying opportunity with the SL of 214 - Price closed above all key moving averages on Daily TF - On hourly you can spot Golden Crossover (50 EMA taking out 200 EMA) - very good bullish sign - On Shorter TF, Inverted H&S formation is seen and the price is trading above the neckline.. Potential target is 250-260 - Price has broken and trading above the AVWAP from the TOP Challenges/Negatives/reasons for Pullback: - There is an unfilled GAP at 225 area - On daily, price is trading inside the cloud. Could face resistance at 240 - From 264 to 202, the price was falling in a single leg.. No corrective structure seen/observed .. This marks a case for, - Either a deeper pullback to form double bottom structure (Blue line marking zig zag from the top) - Or a sideways move like 3 rise method (keeping the red trendline intact) and sharp bounce thereafter Again, for investors, it is a hold and add on dips.. but for short term traders, it is a wait and watch game for now.. Always focus on LOW Risk Set ups.. I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
N
by Murthy_Santhosh