Ashok Leyland share price hits 52-week high - BUY - Check price target

Ashok Leyland Share Price NSE India: Ashok Leyland share price NSE: ASHOKLEY on Friday gained around 2 per cent to hit a fresh 52-week high of Rs 165.20 on the NSE in the morning session. Ashok Leyland share price BSE too hit a fresh 52-week high of Rs 165.50 after gaining around 1.50 per cent. Ashok Leyland is a Hinduja group flagship company. Headquartered in Chennai, Ashok Leyland has just bagged orders for the supply of 1,400 school buses in the United Arab Emirates. It is the company's largest ever order received in the country.

Also on Thursday, Ashok Leyland said that its total vehicle sales, including exports, grew 51 per cent on an annual basis to 14,121 units in August. The company sold a total of 9,360 vehicles in August 2021.

The total Medium and Heavy Commercial Vehicle (M&HCV) sales were up 81 per cent year-on-year and touched 8,379 units from 4,632 units sold in August 2021, with truck volumes growing 70 per cent at 7,325 units, as against 4,297 units a year ago. The light commercial vehicle (LCV) sales volumes stood at 5,742 units during August, growing 21 per cent over 4,728 vehicles in the same month last year.

Ashok Leyland domestic vehicle sales increased 58 per cent to 13,301 units in the month under review, from 8,400 units in the year-ago period, the company said.

Ashok Leyland Share Price Target NSE India 

ICICI Securities and LKP Securities have given BUY ratings for Ashok Leyland shares. ICICI Securities has given Ashok Leyland share price target of Rs 183 while LKP Securities has set a price target of Rs175. 

Ashok Leyland Share Price History 

Ashok Leyland share price has delivered a return of over 10 per cent in the last one month. In the last 6 months, Ashok Leyland share price has delivered a stellar profit of 40 per cent. Ashok Leyland share price in the last one year has jumped 35 per cent.