Home / Business and Economy / Ashok Leyland Surges 11.64% Amidst Analyst Optimism
Ashok Leyland Surges 11.64% Amidst Analyst Optimism
8 Apr
Summary
- Stock price increased by 11.64% to Rs 170.75.
- Analysts recommend strong buy or buy for the stock.
- Mutual Fund and FII holdings increased significantly.
Ashok Leyland's stock experienced a substantial upward movement, trading 11.64% higher at Rs 170.75. The shares have fluctuated between Rs 162.85 and Rs 171.25. Despite a year-to-date decline of -14.65%, recent performance shows a -6.23% change over the past five days. The company's TTM P/E ratio stands at 31.80, slightly above the sector's P/E of 30.82.
Analyst coverage is strong, with 34 experts. A significant number, 9 analysts, have issued a strong buy rating, while 11 recommend a buy. Only one analyst has a sell rating. This positive outlook is mirrored in institutional investor activity. Mutual Fund holdings rose to 8.32% by December 31, 2025, an increase from the previous quarter. Similarly, FII holdings grew to 24.41% by the same date, indicating growing institutional confidence in the company's prospects. In its most recent financial reporting period, Ashok Leyland announced a net profit of 813.49 Crores.
