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Why Ashok Leyland Is in Top Gear
Mint Ahmedabad
|August 21, 2025
Ashok Leyland Ltd's shares have risen 11% over the past four trading sessions and hit a new 52-week high of ₹134.31 on Wednesday—not without reason.
First, the management's commentary, especially on the margin scenario, in the recently held June quarter (QIFY26) earnings call, was encouraging. Second, the anticipated cuts in the goods and services tax (GST) rates could potentially lower the on-road prices across auto segments, spurring demand.
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