Ashok Leyland shares rose 3.41 per cent on Tuesday to close at Rs 144.10 on the BSE, against its previous close of Rs 139.35, valuing the company at Rs 84,636 crore.
Religare Broking said it maintains a "positive yet cautious outlook" on the index and advised traders to adopt a buy-on-dips strategy while tracking banking and IT majors for further cues.
Ashok Leyland shares jumped 3.2 per cent to touch the day’s high of Rs 132.20 apiece on the BSE, over its previous close of Rs 128.10.
Emkay Global has raised its target price for Ashok Leyland by 7% to Rs 150, up from Rs 140. The broking firm maintained its earnings estimates and reiterated a 'Buy' rating.
Emkay Global prefers Maruti Suzuki and Hero MotoCorp. MOFSL sees Maruti Suzuki India, Tata Motors and Ashok Leyland as key beneficiaries of a likely reduction in GST rate from 28 per cent to 18 per cent.
Ashok Leyland ex-bonus: The mutlibagger commercial auto stock is showing up to 50 per cent fall in some trading apps today as all these the shares turned ex-bonus, adjusting to the corporate action.
Angel One anticipates the bullish momentum in Ashok Leyland to persist in the short to medium term, driven by robust fundamentals, technical breakouts, and sustained investor interest. The brokerage has maintained a 'Buy' rating on the stock.
Ashok Leyland's shares rose 3.41% to Rs 249.65 after the update, moving above several moving averages.
Brokerage firm Choice Broking has shared its views on select stocks including Hindustan Aeronautics, Ashok Leyland, Tata Elxsi and Hindware Home Innovation.
On the stock-specific front, Ashok Leyland traded lower despite the order win announcement. Last checked, the stock was down 0.79 per cent at Rs 207.
Led by Tata Motors, Indian automobile stocks saw a sharp downfall on Thursday after the US President Donald Trump announced painful tariffs of 25 per cent on all imported vehicles and parts.





