Ashok Leyland Share Price: A Strong Business Outlook in the Hinduja Group
📈 Ashok Leyland, the second-largest manufacturer of medium and heavy commercial vehicles in India, is witnessing a robust business in the Hinduja Group.
🚚 The demand for commercial vehicles in the road, infrastructure, and mining sectors is showing a positive outlook for Ashok Leyland.
💰 Last week, Ashok Leyland shares closed at INR 172. On Tuesday, 26th December 2023, the share price was trading at INR 173.45 with a gain of 0.84%. On Wednesday, 27th December 2023, the share price further increased by 0.81% to INR 175.
💼 Experts predict that Ashok Leyland can achieve a double-digit EBITDA margin in the future, thanks to the strong demand for vehicles.
🚌 The company has been receiving several new orders in the bus manufacturing segment.
💡 Ashok Leyland is also making significant investments in electric vehicle production. In the current financial year, the company has invested INR 662 crore in its own business. The total investment plan is INR 1,200 crore.
💼 Many brokerage firms have recommended investing in Ashok Leyland shares. The target price set by experts is INR 221, which is 30% higher than the current price level.
🌍 Around 87% of Ashok Leyland’s total revenue comes from the domestic business.
🚛 Approximately 70% of the company’s revenue comes from the medium and heavy commercial vehicle sales segment.
🚌 Ashok Leyland is considered a market leader in the bus segment, with a 41% market share.
🚚 In the truck segment, Ashok Leyland is the second-largest company in India.
💰 The company’s total market capitalization is INR 50,000 crore.
⬇️ Over the past three months, Ashok Leyland shares have given a negative return of 4% to its investors. However, in 2023, the shares provided a return of 20%.
📈 Despite the recent slump, Ashok Leyland’s strong business prospects make it an interesting investment opportunity.
Note: The above news is for informational purposes only and should not be considered as financial advice.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
