Ashok Leyland Stock Price Analyzed

Key Points

• Ashok Leyland’s stock jumped 2.3%, hitting a new high.
• The company outperformed the market, rising 40% in the last 3 months.
• Record earnings (EBITDA) and revenue growth were reported in Q2FY26.
• The MHCV industry is expected to remain strong due to growth and infrastructure.
• Lower GST rates and rising freight demand are boosting Ashok Leyland’s prospects.
• Analysts predict a strong growth cycle for Ashok Leyland, making it a preferred pick.

The price of Ashok Leyland’s stock went up a lot – 2.3% on Friday! This meant it reached a new record high of ₹194.75. It’s like a race car zooming ahead. This jump happened even though the overall stock market wasn’t doing super well.

Before this jump, the stock had already grown a lot. Over the past three months, it increased by 40%, which is much more than the other stock in the market (the BSE Sensex) which only grew by 2.6%. And over the past six months, it’s climbed by a whopping 57%, while the Sensex only went up a little bit (0.5%).

To understand why this is happening, let’s look at what Ashok Leyland did recently. They made a record amount of money in the last quarter (Q2FY26), called “EBITDA,” which is a way to measure how well the company is doing. They made ₹1,162 crore, which is 14.2% more than the previous year. They also made a profit before tax of ₹1,043 crore.

Ashok Leyland sells big trucks and buses – we call them “Commercial Vehicles,” or CVs. The company thinks the market for these trucks will keep getting better, especially in the next few months (called “H2”). There are more people shipping goods, and the government is building more roads and infrastructure, which means more trucks are needed.

One important thing is that trucks are now required to have air conditioning (AC)! This means drivers are happier and more comfortable. Also, the government changed some tax rules (called “GST 2.0”) which made new trucks and buses cheaper to buy. This is good news because more people can afford them.

The company also says that the price of the materials used to make trucks isn’t going up as much as before, and they are selling trucks with fewer discounts, which helps them make even more money. All of this makes the future look bright for Ashok Leyland!

Some experts at a company called Nomura think the market for these big trucks is going to get much better. They predict it will grow by 8% or 10% next year (FY26), which is a big jump! This is because companies are shipping more goods, taxes are lower, and many of the trucks on the road are very old. They think this is just the beginning of a new, stronger period for truck companies.

Ashok Leyland is a really big player in the truck market, holding 31% of the market. Because of all of this good news, analysts believe that the company’s profits will continue to grow. They predict that the company will make even more money in the future, and that the price of the stock will go even higher.

The rise of Ashok Leyland signals a shifting landscape of investment opportunities within the Indian automotive sector.