{"id":61362,"date":"2022-09-01T17:09:00","date_gmt":"2022-09-01T11:39:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=61362"},"modified":"2022-09-01T17:07:17","modified_gmt":"2022-09-01T11:37:17","slug":"ashok-leyland-gets-a-buy-call-as-order-book-gets-strong-check-the-target","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/ashok-leyland-gets-a-buy-call-as-order-book-gets-strong-check-the-target\/","title":{"rendered":"Ashok Leyland gets a BUY call as the order book gets strong; Check the target"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2293035497\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of Ashok Leyland Limited opened at Rs 155 and zoomed by 3.6 per cent to reach its new 52-week high of Rs 161.60 in the early trading hours of Thursday. The stock has added more than 6 per cent in the past five days.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2413063625\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>So far this year the stock has added more than 25 per cent YTD. In a year, it has delivered a return of more than 30 per cent to its investors.&nbsp;<\/p><p>The stock rallied after the company announced that it had secured a deal to supply 1400 school buses in the United Arab Emirates (UAE). The whole fleet deal is worth AED 276 million or $75.15 million. The order entails a supply of 55-seater Falcon buses and 32-seater Oyster buses.&nbsp;<\/p><p>The company has a $50 million state-of-the-art manufacturing facility in Ras Al Khaimah, UAE. All the products will be made in the plant and supplied to Emirate Transport and STS Group.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1698300134\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>In Q1FY23, Ashok Leyland reported total revenue of Rs 7,222 crores which is an increase of 77 percent from Rs 4,087 crores which it earned in the same quarter of the previous year. In the quarter under review, their net profit stood at Rs 68 crores as against a loss of Rs 250 crores which the company incurred in Q1FY22.&nbsp;<\/p><p><strong>Arihant Capital is bullish on Ashok Leyland and has recommended a \u2018Buy\u2019 rating on the stock with a target price of Rs 190 which represents an upside of 20 percent from the current levels.&nbsp;<\/strong><\/p><p>Ashok Leyland, part of the Hinduja Group, is one of the oldest automotive groups in the country and the 4th largest bus manufacturer in the world. It also has a significant market share in the production of commercial vehicles and trucks in India.\u00a0<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by- Anoushka Roy<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2646354976\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of Ashok Leyland Limited opened at Rs 155 and zoomed by 3.6 per cent to reach its new 52-week high of Rs 161.60 in the early trading hours of Thursday. The stock has added more than 6 per cent in the past five days.&nbsp; So far this year the stock has added more [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":23231,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[2126,3986,4810,4809,948,936,4202,3040,3153,4178,4183,3157,3158],"class_list":["post-61362","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-ashok-leyland","tag-ashok-leyland-ltd","tag-ashok-leyland-share-price-targets","tag-ashok-leyland-targets","tag-stock-market","tag-stock-market-news","tag-stock-recommendation","tag-stock-recommendations","tag-stock-to-buy","tag-stock-to-buy-in-2022","tag-stock-to-trade","tag-stock-to-watch","tag-stock-to-watch-in-2022"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ashok Leyland gets a BUY call as the order book gets strong; Check the target - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/ashok-leyland-gets-a-buy-call-as-order-book-gets-strong-check-the-target\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ashok Leyland gets a BUY call as the order book gets strong; Check the target\" \/>\n<meta property=\"og:description\" content=\"The shares of Ashok Leyland Limited opened at Rs 155 and zoomed by 3.6 per cent to reach its new 52-week high of Rs 161.60 in the early trading hours of Thursday. 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