Buy Ashok Leyland, target price Rs 200: Prabhudas Lilladher

Prabhudas Lilladher has buy call on Ashok Leyland with a target price of Rs 200. The current market price of Ashok Leyland Ltd. is Rs 155.5. Time period given by analyst is one year when Ashok Leyland Ltd. price can reach defined target.

Ashok Leyland Ltd., incorporated in the year 1948, is a Large Cap company (having a market cap of Rs 45530.03 Crore) operating in Auto sector.

Ashok Leyland Ltd. key Products/Revenue Segments include Commercial Vehicles, Spare Parts & Others, Sale of services, Engine & Gensets, Ferrous Castings, Scrap, Export Incentives, Other Operating Revenue for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 7248.49 Crore, down -27.21 % from last quarter Total Income of Rs 9957.95 Crore and up 76.65 % from last year same quarter Total Income of Rs 4103.27 Crore. Company reported net profit after tax of Rs 68.05 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 51.54 per cent stake in the company as of 30-Jun-2022, while FIIs owned 15.03 per cent, DIIs 21.74 per cent.