Profitable growth and valuations to support CV major Ashok Leyland | News on Markets

The stock of commercial vehicles (CV) major Ashok Leyland is up 46 per cent over the past three months. The gains for the country’s second-largest medium and heavy commercial vehicles major have come about despite worries of a near-term slowdown in volumes. Brokerages, however, have a mixed view on the company.

While steady March quarter results, the company’s focus on profitable growth, medium-term prospects, and valuations are positive, some brokerages are cautious given near-term demand concerns and the risk of increased competitive intensity.

In the March quarter, the company improved its realisations by 2 per cent on a sequential basis on the

First Published: Jun 20 2024 | 2:22 PM IST