Commercial vehicle maker Ashok Leyland has been seeing a high number of enquiries from fleet operators amid the segment going through a consolidation phase, the company has said. The company is also expecting the medium and heavy commercial vehicle (MHCV) segment to grow in a single-digit this fiscal as against earlier estimates of a flat … Read more
Passenger vehicle sales fell for the first time in two and a half years in July amid sluggish demand and high dealer inventory, reflecting a broader slowdown in consumer spending across sectors after a two-year post-pandemic boom. While industry body Society of Indian Automobile Manufacturers (SIAM) will issue official sales only later this month, industry … Read more
Ashok Leyland shares zoomed nearly 6% on BSE today to their new all-time high of Rs 222.80 after reporting a 20% year-on-year (YoY) increase in its Q4 net profit at Rs 900.41 crore. Revenues from operations in the quarter under review stood at Rs 11,266.69 crore as compared to Rs 11,625.67 crore in the year-ago … Read more
Brokerage CLSA maintained an outperform rating on Sun TV and a buy rating on Ashok Leyland. InCred upgraded Divi’s Laboratories to Add and JPMorgan has an overweight rating on Exide Industries. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on Sun TV: Outperform| Target Rs 720CLSA … Read more
Chennai: Hinduja Group flagship company Ashok Leyland has lined up 5-6 product launches this year in the light commercial vehicle segment, a top official said here on Friday. The city-based medium and heavy commercial vehicle maker has earmarked Rs 500 to Rs 700 crore as Capital Expenditure for this financial year, Managing Director and CEO … Read more
May 24, 2024, 09:36:39 AM IST The dividend yield is the annual dividend payment to shareholders expressed as a percentage of the stock’s current price. According to Trendlyne data, as many as 10 BSE Midcap index stocks have paid up to a 5.2% dividend yield in the past one year. Here is the list: ETtech … Read more
May 17, 2024, 02:47:41 PM IST In its recent analysis of mutual funds, ETMarkets has identified stocks that witnessed a significant increase in the number of shares held by mutual funds in the month of April compared to from March. Nearly 34 stocks saw a rise of more than 1 crore shares in April. To … Read more
CHENNAI: Hinduja Group flagship company Ashok Leyland on Tuesday said it has signed a strategic alliance with Minus Zero aimed at developing tailored autonomous trucking solutions in the country. Bengaluru-based Minus Zero is an autonomous driving technology startup and this partnership aims to revolutionise commercial trucking through autonomous solutions at scale. The initial focus of … Read more
Shares of Tata Motors on Tuesday rallied 7.9% as investors pinned hopes on better value discovery from the proposed demerger of its passenger vehicle and commercial vehicle businesses. Both Morgan Stanley and JP Morgan gave overweight ratings on the Tata stock which hit a fresh 52-week high of Rs 1,065.60. The stock is, however, already … Read more
Sales of cars, sedans and utility vehicles in the local market increased in healthy double-digits to their best-ever level for the month of February at 373,177 units on back of better supplies and sustained consumer demand. As per industry estimates this is an increase of 11.3% over 335,324 units sold in the same period last … Read more