Stock Market Today: Ashok Leyland share price gained more than 4% during the intraday trades ahead of investors meeting.
Ashok Leyland investor meeting updates
Ashok Leyland has shared schedule of Conference Call for analysts and investors to be held on Wednesday, 26th March 2025 to provide corporate updates emanating out of the Board Meeting to be held earlier in the day. The Board meeting was called at shorter notice and investors are expecting some significant business developments or announcements.
Ashok Leyland share price movement
Ashok Leyland share price opened at ₹212.70 on the BSE on Wednesday. At the tine of opening Ashok Leyland share price was up more than 1% over the previous days closing price of ₹209.80. The Ashok Leyland share price thereafter continued to gains and touched intraday high of ₹219.50 which translated in to gains of more than 4.5% during the intraday trades amidst weak markets .
Ashok Leyland business updates
February Month sales– The industry sales remained in the slow lane and same was reflected in Ashok Leyland numbers. Ashok Ley land Medium and Heqvy Commercial Vehicles domestic sales at 10110 units in February’2025 were 7% lower over those in February’2024. The Overall Domestic Vehicle sales at 15879 were down 4% over February 2024.
Exports however supported and hence Ashok Leyland’s total Vehicles sales during February ‘2025 (Domestic and Exports combined) at 17903 grew 2% over those in February 2024
Q3 Results– Ashok Leyland Q3FY25 performance had impressed analysts, supported by cost controls. Those at BNP Paribas Securities India Pvt Ltd also said that the MHCV industry’s growth outlook has started improving, partly helped by a low base,and management is confident of growth to continue into FY26. Despite flattish shipments sequentially and weaker defence business. BNP Paribas had raise their FY25-27E earnings by 2-3% on factoring in the 3Q results and management commentary
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