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New Delhi: SBI Securities has given the "BUY" rating for the shares of automotive maker Ashok Leyland, which is listed on the BSE 200. The brokerage firm has given this positive rating after the company performed better in its recently announced quarterly results. As per the brokerage, the company has achieved 31.1 percent market share in the medium and heavy commercial vehicles (MHCV) segment, which is comparatively better than last year's share of 29.8 percent.
Additionally, the share of the light commercial vehicle (LCV) segment has also witnessed an upsurge from 11.7 percent to 12.9 percent. The shares of the company closed at Rs 121.95 apiece on the Bombay Stock Exchange (BSE).
As per the BSE (Bombay Stock Exchange), the shares of the company have given a negative return of around 3 percent in the last one month, whereas the last one-year returns have also been negative at around 2 percent. The 52-week high of the stock is 132.32, whereas the 52-week low of the stock is Rs 95.93 on the BSE. The price-to-earnings (P/E) ratio of the company is 23.13. The market capitalisation (M-Cap) of the company stands at Rs 71622 crore as of August 14.
The automotive manufacturer Ashok Leyland Ltd. made a 13 percent increase in its net profit at Rs 594 crore for the June quarter. The operational revenue rises 1.5 percent to Rs 8725 crore in Q1 FY26. The company said it made a record sale of 44238 units in Commercial Vehicles (CV) in the quarter ending on June and made the highest ever Q1 revenue of Rs 8725 crore.
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