ASHOK LYLAND SHARE PRICE TARGET 2024

ASHOK LYLAND is India’s second largest heavy motor vehicle manufactured company which was established in 1948 and went on to form a huge collaboration in 1955 with ASHOK MOTOR or BRITISH LYLAND and its name was ASHOK LYLAND, And with this it became a multinational automotive company of India. It is India’s second or world’s 8th largest heavy motor vehicle company, which manufactures commercial vehicles or heavy commercial vehicles and its presence has spread to almost 50 countries.

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ASHOK LYLAND is such a name that whenever there is talk of heavy carrying capacity goods lorry, the names of the companies that come to mind are Tata Motors and Ashok Leyland. Ashok Leyland keeps its own identity in the world of transportation with its heavy vehicles.

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ASHOK LYLAND SHARE PRICE TARGET 2024

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ASHOK LYLAND SHARE CLICK4INVESTING.COM
MARKET CAP₹ 53,305 Cr
HIGH / LOW ₹ 192/133
STOCK P/E25.1
ROE15.0%
ROCE11.4%
DIVEDEND YIELD1.43%
BOOK VALUE₹ 30.2
FAVE VALUE₹ 1.00

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ASHOK LYLAND One year chart

Image source credit : TRADINGVIEW

Pros and cons

PROSCONS
* The company has been performing
very well for the last several
quarters.
* It is trading at 6.00 times its book
value.
* 45.1 to 36.1 There has been
improvement in debtor days
* The return on equity in the last 5
years has been 5.25% which is quite low.


KEY POINTS OF ASHOK LYLANDS

Ashok Leyland, A flagship company of Hinduja Groups , Current headquarter is Chennai. Known for its heavy vehicles, the company has very low market complaints which makes Ashok Motors a successful business model. It has many projects in Dubai, Bangladesh, Sri Lanka, one of which is the famous project of Ras Al Khaimah, which provides work for making buses in Dubai.

Most recommended visit : Hindustan Aeronautics Ltd(2024)
FOUNDER OF ASHOK MOTORS : Raghunandan Saran, a famous freedom fighter from Punjab, laid the foundation of Ashok Motor in 1948, After the independence of India, Austin cars used to be made in England only, then with the same Ashok Motor, emphasis was given to car manufacturing in India. boost the INDIAN ECONOMY or domestic manufacturing, then gradually the demand for AUSTINA40 passengers cars started increasing in India or this is how the name of ASHOK MOTOR came into the world of vehicle manufacturing. Applied and in 1955, British Leyland collaborate with Ashok Motors, which later became Ashok Leyland.

PEERS COMPITETORS :If we talk about the competitors of ASHOK LYLAND then its peers like TATA Motors, Olectra Greentec, Force Motors, SML ISUZU have come among the competitors or along with them it holds the second position among all these.

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SHARE HOLDING PATTERNS

HOLDINGSDEC
2020
DEC
2021
DEC
2022
MAR
2023
JUNE
2023
SEP
2023
Promoters 51.54% 51.54% 51.53% 51.53% 51.53% 51.53%
FIIS 16.30% 13.45% 14.85% 14.85% 16.59% 20.21%
DIIS 17.64% 20.65% 21.16% 22.15% 20.79% 16.51%
Government 0.08% 0.08% 0.07% 0.07% 0.07% 0.07%
public 14.44% 12.68% 11.94% 11.40% 1102% 11.66%

SHARE PRICE TARGET 2024,2025,2026,2032

YEARMINIMUM
PRICE TARGET
MAXIMUM
PRICE TARGET
AVERAGE
PRICE TARGET
2024 ₹166 ₹192 ₹170
2025 ₹172 ₹201 ₹199
2026 ₹183 ₹232 ₹212
2027 ₹197 ₹254 ₹223
2028 ₹208 ₹276 ₹250
2029 ₹233 ₹299 ₹288
2030 ₹266 ₹312 ₹297
2031 ₹299 ₹345 ₹300
2032 ₹303 ₹355 ₹308

FAQ :

  • Is ASHOK LYLAND is flagship company.
  • Yes| Ashok Leyland is a flagship company of Hinduja Group.
  • Is ASHOK LYLAND is a multinational company
  • Yes, Ashok Leyland has its presence in almost 50 countries and along with this
    it is a multinational company.
  • ASHOK LYLAND founder name !
  • Raghunandan Saran is founder of ASHOK LYLAND in 1948
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