📈 Ashok Leyland Share Price Update: 01 JUNE 2024 📉
Are you looking to make money by investing in the stock market? If so, it’s important to invest in shares that are expected to see good growth in their operations and profits in the coming years. This week is crucial for the stock market, as it has been performing well over the past few trading sessions. The results of the Lok Sabha elections will be announced on 4th June, and experts are predicting volatility in the market depending on the outcome.
Brokerage firms like MTR, HUL, and Ashok Leyland are showing bullish trends. Motilal Oswal Financial Services has given buy ratings to these shares and increased their target prices. MTR shares were trading at ₹2,125 on Monday, with Motilal Oswal setting a target price of ₹2,800 for them.
As a major supplier of accurate engineering systems to large global multinationals, government departments, and major Indian public and private sector enterprises, MTR has established itself as a leader in the industry over the years. Brokers believe that as the largest supplier of fuel cell components, the company will benefit from the increasing demand for fuel cells in the coming years.
HUL’s volume growth has slowed down, and there is hope for a gradual recovery in volume in the financial year 2025. The company’s presence in a wide range of products and price segments will boost its stable growth. There is also hope for a gradual increase in demand for FMCG products.
Experts believe that the above-average monsoon forecast and positive economic indicators are good for the industry. Ashok Leyland’s FY24 quarterly results were excellent, with an increase in EBITDA margin. While volume growth is expected to remain moderate, brokerage firms are hopeful that focusing on profitable growth will help improve gross margins.
Stay tuned for more updates on Ashok Leyland’s share price and the stock market!
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.
