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Ashok Leyland Shares Jump 5% Post Quarterly Results


Shares in Ashok Leyland gained almost 5%, after a good set of quarterly numbers. Analysts cited significantly lower operating costs and healthy realisations growth aided the Q4 earnings. Most analyst see a cyclical recovery in and new launches in CNGs and volume recovery in bus segments to drive the company's growth.

Ashok Leyland Shares Jump 5% Post Quarterly Results

The shares of the company were last seen trading at Rs 128.85, with a jump of 4.88%. An economic recovery may lead to good performance for the company going ahead.

Ashok Leyland is the second-largest manufacturer of commercial vehicles in India, the third-largest manufacturer of buses in the world, and the tenth-largest manufacturers of trucks.

Read more about: ashok leyland
Story first published: Friday, May 20, 2022, 11:13 [IST]
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