Buy Ashok Leyland, target price Rs 200: LKP Securities
Ashok Leyland with a target price of Rs 200. The current market price of Ashok Leyland Ltd.
is Rs 174.75.
Ashok Leyland Ltd., incorporated in the year 1948, is a Large Cap company (having a market cap of Rs 51323.50 Crore) operating in Auto sector.
Ashok Leyland Ltd.
key Products/Revenue Segments include Commercial Vehicles, Spare Parts & Others, Sale of services, Engine & Gensets, Ferrous Castings, Scrap, Export Incentives, Other Operating Revenue for the year ending 31-Mar-2022.
Financials For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 11463.03 Crore, up 17.75 % from last quarter Total Income of Rs 9735.45 Crore and up 19.15 % from last year same quarter Total Income of Rs 9620.28 Crore.
Company reported net profit after tax of Rs 566.35 Crore in latest quarter.
Promoter/FII Holdings Promoters held 51.53 per cent stake in the company as of 30-Sep-2023, while FIIs owned 20.21 per cent, DIIs 16.5 per cent.
