ASHOKLEY
14.11.2022 - CLSA on Ashokley Maintain Buy CMP 152.5 Target 177
14.11.2022 - UBS on Ashokley Maintain Neutral CMP 152.5 Target 170
14.11.2022 - Nomura on Ashokley Maintain Buy CMP 152.5 Target 179
11.11.2022 - Jefferies on Ashokley Maintain Buy CMP 147.55 Target 180
02.08.2022 - Nomura on Ashokley Maintain Buy CMP 148.35 Target 180
02.08.2022 - MS on Ashokley Maintain Overweight CMP 148.35 Target 156
01.08.2022 - Macquarie on Ashokley Maintain Neutral CMP 154 Target 160
23.05.2022 - CLSA on Ashokley Maintain Outperform CMP 139.4 Target 149
23.05.2022 - CS on Ashokley Maintain Outperform CMP 139.40 Target 169
23.05.2022 - Nomura on Ashokley Maintain Buy CMP 139.40 Target 168
23.05.2022 - Jefferies on Ashokley Maintain Buy CMP 139.40 Target 160
07.04.2022 - JpMorgan on Ashokley Maintain Overweight CMP 127.30 Target 145
31.03.2022 - CLSA on Ashokley Maintain Buy CMP 115 Target 138
28.02.2022 - CS on Ashokley Maintain Outperform CMP118.55 Target 158
15.02.2022 - Nomura on Ashokley on Maintain Buy CMP 124 Target 167
MAINTAIN BUY TARGET: 160
M&HCV Demand Has Been Severely Hit By
COVID Market Share Has Fallen Given Higher COVID Impact in Some Of Co's Stronger Markets
There Appears To Be Some Recovery In Demand & Co Could Regain Lost Mkt Shr
More Conducive Product Mix & Cost Reduction Initiatives Should Help Margin
CITI ON ASHOK LEYLAND : 29.07.2021
• Maintain BUY, Target at Rs 155/share
• Ashok Leyland management discussed its EV strategy
• Company's EV foray would be driven by its subsidiary
• Ashok Leyland would not put significant investment
* Increasing market share in LCVs and ICVS
UBS ON ASHOK LEYLAND : 28.06.2021
• Maintain BUY, Target at Rs 155/share
• Q4FY21 beat; cut FY22, but retain FY23 estimates
* Maintain Buy on strong truck cycle recovery in FY22-23
• All round beat; all ICDs repaid back
• Cut our FY22 India truck volume forecasts to 70% from 80%