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Nirmal Bang raises Ashok Leyland target to Rs 197 after Q1 results

Nirmal Bang maintained a Buy rating on Ashok Leyland and raised its target price to Rs 197 after Q1 results, citing diversification into defence, aftermarket, power solutions and financial services, which is expected to improve margins and earnings resilience.

Newer report on another story , , Business Today : Rate-hike bets pressure auto, property and bank stocks ahead of festive demand

Read next

  1. Ashok Leyland gains as freight rentals and fleet replacement lift heavy-truck demand, , The Hindu BusinessLine
  2. Ashok Leyland Q1 revenue rises 10.4% as commercial-vehicle retail sales gain, , Mint

07:30 IST · 10 moves · what each means · free

Reported figures

From the report. Source details below

Current price: Rs 172
Implied upside: 15%

Also in the report

  • 45-50% of revenue from non-truck businesses

The source

Source Read the source at NDTV Profit Published

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