Ashok Leyland Shares In Focus After Q1 Results What Are Citi Nomura Analysts Saying
E
Economic TimesVerified Publisher
Ashok Leyland reported a 2% rise in Q1 consolidated profit to Rs 668 crore, while revenue grew 10% to Rs 10,750 crore. Margins declined amid higher material costs. Brokerages remain positive, citing strong commercial-vehicle demand, market-share gains and growth prospects. Citi, Nomura and Choice maintained Buy/Neutral views, with targets around Rs 194–Rs 200. Demand across key segments remained robust and future prospects continue to be encouraging. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price Power
. Brokerages remain positive, citing strong commercial-vehicle demand, market-share gains and growth prospects. Citi, Nomura and Choice maintained Buy/Neutral views, with targets around Rs 194–Rs 200.
Demand across key segments remained robust and future prospects continue to be encouraging.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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