Kotak Securities on Ashok Leyland | Upgrade to Buy from Add; TP at Rs 180

M&HCV demand remains firm; operator profitability holds Demand momentum drives volume upgrade for FY27 Hike domestic M&HCV industry volume estimate for FY27 to 10-11% YoY growth, from 5-6% YoY growth earlier Fleet operator economics have held up despite multiple headwinds Commodity headwinds persist; margins should improve once cycle reverses

ASHOK LEYLAND LTD

← Back to feed