Ashok Leyland Stock Rockets 8.2% on Blowout Q1 Earnings—Analysts Double Down on Buy Calls

Ashok Leyland just flexed its financial muscle—and the market responded with a standing ovation. Shares catapulted 8.2% after smashing Q1 records, leaving analysts scrambling to reaffirm buy ratings.

The heavyweight of India’s commercial vehicle sector isn’t just cruising—it’s flooring the accelerator. While rivals grapple with supply chains and inflation, Ashok Leyland’s Q1 performance reads like a victory lap.

Wall Street’s usual cheerleaders (sorry, ‘analysts’) wasted no time upgrading price targets. Because nothing fuels bullish sentiment like a stock that’s already surging—where’s the fun in contrarian bets when commissions are on the line?

Also read

RVNL secures ₹179 crore signalling contract from IRCON 

Leading brokerages maintained their bullish stance on the stock. Bank of America set a target price of ₹146, while Avendus Capital and Motilal Oswal pegged it at ₹140 and ₹141 respectively. Axis Securities maintained its buy rating with a target of ₹135, citing operational outperformance and market share gains.

The company’s medium and heavy commercial vehicle truck volumes grew 2 per cent year-on-year, with market share increasing from 28.9 per cent to 30.7 per cent. Light commercial vehicle volumes reached an all-time quarterly high of 15,566 units, while exports grew 29 per cent to 3,011 units.

Ashok Leyland maintained its cash-positive position with ₹821 crore at the quarter-end. The company expects mid-single-digit growth in the domestic commercial vehicle industry for FY26, supported by government infrastructure spending and improved freight rates.

Published on August 18, 2025