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Ashok Leyland sales up 24 per cent at 22,157 units in February
Ashok Leyland has announced strong sales figures for February 2026. Total sales saw a significant jump of 24 percent. Domestic sales also climbed by 28 percent. The company experienced robust growth in both medium and heavy commercial vehicles, alongside a healthy increase in light commercial vehicle sales. This performance indicates a positive trend for the commercial vehicle manufacturer.
Watch | Sanjay Parekh on where he sees value in banks, IT, cement and telecom stocks
Sohum Asset Managers’ Founder & CIO, Sanjay Parekh, says markets look sluggish despite improving macro conditions, with Q3 Nifty earnings near 8–9%. He sees recovery in CVs (Ashok Leyland), credit growth at ICICI Bank and gradual picka a up in cement and steel. Portfolio stays domestic-focused: overweight telecom, NBFCs, industrials, cement, utilities, ports and logistics; underweight oil & gas and banks, zero FMCG. Watching IT names like Infosys and TCS, mid-cap tech (Persistent, Coforge, Mastek), defence HAL, quick commerce Zomato and Swiggy, and capital goods L&T, JSW Energy.
Ashok Leyland's shares gain up to 5% as total vehicle sales up 25% YoY in June
Ashok Leyland Q4 PAT seen up 16.1% YoY to Rs. 1,462.5 cr: ICICI Securities
Net Sales are expected to increase by 19.1 percent Y-o-Y (up 23 percent Q-o-Q) to Rs. 14,183.3 crore, according to ICICI Securities.
Stocks to Watch Today: Physicswallah, Swiggy, Q-Line Biotech, Lupin, Wockhardt, Ashok Leyland, GMR Airports, PG Electroplast, West Coast Paper in focus on 29 May
Stocks in News, 29 May: Stocks like Physicswallah, Ashok Leyland, Deepak Fertilisers & Petrochemicals Corporation, Bata India, PC Jeweller, GMR Airports, PG Electroplast, Gabriel India, Hikal, Varroc Engineering, Enviro Infra Engineers, HG Infra Engineering, Swiggy, and Indoco Remedies will be in focus on May 29.
Buy Ashok Leyland; target of Rs 188: Motilal Oswal
Motilal Oswal is bullish on Ashok Leyland recommended buy rating on the stock with a target price of Rs 188 in its research report dated May 28, 2026.
Hold Ashok Leyland: target of Rs 165: ICICI Securities
ICICI Securities recommended hold rating on Ashok Leyland with a target price of Rs 165 in its research report dated May 28, 2026.