Motilal Oswal recommends buy on Ashok Leyland Ltd with target price of Rs 210

Motilal Oswal recommends buy on Ashok Leyland Ltd with target price of Rs 210

Ashok Leyland Ltd., incorporated in the year 1948, is a Large Cap company operating in the Auto sector. Promoters held 51.53% stake in the company as of 30-Jun-2023, while FIIs owned 16.59% and DIIs owned 20.79%. Motilal Oswal has recommended a buy call on Ashok Leyland Ltd. with a target price of Rs 210. The current market price of Ashok Leyland Ltd. is Rs 178.55. For the quarter ended 30-06-2023, the company reported a Consolidated Total Income of Rs 9735.45 Crore, down -26.43% from the last quarter’s Total Income of Rs 13233.16 Crore and up 34.31% from the last year’s same quarter Total Income of Rs 7248.49 Crore. Company reported a net profit after tax of Rs 582.95 Crore in the latest quarter.

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