Current price is more than the intrinsic value

Intrinsic Value

Stock has been generating better return on equity than bank FD

ROE vs FD rates

Dividend Returns

Good time to consider, as stock is not in overbought zone

Entry Point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

The company, in a public statement, also revealed that its total sales of medium & heavy commercial vehicles (M&HCVs) surged 255 per cent to 8,399 units in June 2022.

Ashok Leyland sees 130% rise in commercial vehicle sales in June

The company had registered a total sales of 6,448 units in June 2021, Ashok Leyland said in a statement

Ashok Leyland reports 125% growth in total sales; 14,351 units sold in June

A total of 1,729,205 shares changed hands on the counter till 01:04PM (IST)

Ashok Leyland shares drop 1.59% as Sensex falls

Ashok Leyland (₹146.6): BUY

The technical analyst from HDFC Securities recommends going long on the Nifty with a stop at 15,500.

Here’s why Vinay Rajani recommends buying Timken India, Ashok Leyland

Ashok Leyland Ltd., incorporated in the year 1948, is a Large Cap company (having a market cap of Rs 41479.00 Crore) operating in Auto sector.

Buy Ashok Leyland, target price Rs 152: Religare Broking

“On the weekly charts as well, Ashok Leyland is holding well above its 100- and 200-Days exponential moving averages and can be seen trading in a rising channel with the formation of the higher high and higher bottom pattern,” Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.

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Stock Radar: Buy Ashok Leyland for a target of Rs 165 in next 4-6 weeks; says Shitij Gandhi

We here discuss about NDA's presidential candidate nomination of Draupadi Murmu with AK Bhattacharya, Editorial Director of Business Standard and Author, Senior Journalist and Political Analyst Rasheed Kidwai. Later, we speak exclusively with Switch India CEO Mahesh Babu on Ashok Leyland's electric vehicle bet.

#draupadimurmu #akbhattacharya #rasheedkidwai #maheshbabu #switchindia #ashokleyland #ev #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday #n18oc_business #cnbctv18 

About CNBC-TV18: India's leading business news channel, CNBC-TV18 offers the most comprehensive coverage of businesses, the economy and the financial markets. Catch all your favourite shows, exclusive videos, big-ticket interviews and more here.

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Draupadi Murmu: NDA's Presidential Nominee | Mahesh Babu On Ashok Leyland's EV Bet | News Centre

Ashok Leyland is all set to get aggressive in the electric commercial vehicle space. We speak with Mahesh Babu, the CEO of Switch India, which is Ashok Leyland's electric vehicle arm, to understand more about their EV bet.

#switchindia #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday #n18oc_business  #cnbctv18 

About CNBC-TV18: India's leading business news channel, CNBC-TV18 offers the most comprehensive coverage of businesses, the economy and the financial markets. Catch all your favourite shows, exclusive videos, big-ticket interviews and more here.

You can also connect with CNBC-TV18 News Online
Catch the latest news: https://bit.ly/2YbpXBM

Follow CNBC-TV18 round the clock: https://www.cnbctv18.com/live-tv/

Stay updated with all the market action: https://www.cnbctv18.com/market/stocks/live-blog

Follow experts on the most vital topics: https://www.cnbctv18.com/expert-views/

Subscribe to our daily newsletter: https://www.cnbctv18.com/newsletter/



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Exclusive: Switch India CEO Mahesh Babu On Ashok Leyland's EV Bet | News Centre | CNBC-TV18

On the technical charts, the RSI of the stock stood at 49.58.

Ashok Leyland shares drop 2.38% as Sensex falls

Ashok Leyland unveils ecomet STAR 1115 CNG truck

Ashok Leyland Limited is a company is engaged in the manufacture of commercial vehicles and related components.

Ashok Leyland Ltd

Ashok Leyland Ltd

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Ashok Leyland sees 130% rise in commercial vehicle sales in June

Ashok Leyland reports 125% growth in total sales; 14,351 units sold in June

Ashok Leyland shares drop 1.59% as Sensex falls

Ashok Leyland (₹146.6): BUY

Here’s why Vinay Rajani recommends buying Timken India, Ashok Leyland

Buy Ashok Leyland, target price Rs 152: Religare Broking

News Video

Stock Radar: Buy Ashok Leyland for a target of Rs 165 in next 4-6 weeks; says Shitij Gandhi

News Video

Draupadi Murmu: NDA's Presidential Nominee | Mahesh Babu On Ashok Leyland's EV Bet | News Centre

News Video

Exclusive: Switch India CEO Mahesh Babu On Ashok Leyland's EV Bet | News Centre | CNBC-TV18

Ashok Leyland shares drop 2.38% as Sensex falls

Ashok Leyland Ltd

Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Ashok Leyland sees 130% rise in commercial vehicle sales in June

Ashok Leyland reports 125% growth in total sales; 14,351 units sold in June

Ashok Leyland shares drop 1.59% as Sensex falls

Ashok Leyland (₹146.6): BUY

Here’s why Vinay Rajani recommends buying Timken India, Ashok Leyland

Buy Ashok Leyland, target price Rs 152: Religare Broking

News Video

Stock Radar: Buy Ashok Leyland for a target of Rs 165 in next 4-6 weeks; says Shitij Gandhi

News Video

Draupadi Murmu: NDA's Presidential Nominee | Mahesh Babu On Ashok Leyland's EV Bet | News Centre

News Video

Exclusive: Switch India CEO Mahesh Babu On Ashok Leyland's EV Bet | News Centre | CNBC-TV18

Ashok Leyland shares drop 2.38% as Sensex falls

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock