A total of 536,563 shares changed hands on the counter till 01:08PM (IST).

The company suggests that the rationale behind the additional stake purchase is capital expenditure, research and development.

A total of 344,390 shares changed hands on the counter till 10:50AM (IST)

A total of 898,727 shares changed hands on the counter till 02:00PM (IST)

The Rs 500 crore worth IPO comprises fresh issue worth up to Rs 250 crore, and an offer for sale aggregating upto Rs 250 crore by the promoters – Sudhir Rai and Anita Rai.

The cumulative sales till November 2023 rose by 7 per cent, to 1,22,092 from 1,14,370 units sold in the same month of last year. The cumulative sales of medium and heavy commercial vehicles as of November grew by 8 per cent to 76,936 units as compared to 71,356 units sold in the same month of last year.

A total of 131,047 shares changed hands on the counter till 12:17PM (IST).

The cumulative OI of current, next and far series has surged by 5.63 per cent, which indicates overall long build up. While, Bank Nifty future has also witnessed long build up.

CLSA maintained a buy rating on Ashok Leyland with a target price of Rs 238. The CV industry outlook for FY24 is looking strong.

A total of 372,229 shares changed hands on the counter till 01:24PM (IST).

Hinduja Tech (HTL), the digital technology arm of Hinduja Group's flagship company Ashok Leyland, is in early talks with private equity funds to sell a minority stake in the company. HTL plans to raise around ₹830 crore ($100 million) at a valuation of $400 million (₹3,300 crore) to support its expansion in the e-mobility industry. The company has engaged investment bank Rothschild to find an investor.

Vinod Dasari, MD, Ashok Leyland sees good days ahead for commercial vehicles sector. He also said that the company will hike prices by 1-2% from October.

Promoters held 0.0 per cent stake in the company as of 30-Sep-2023, while FII and DII ownership stood at 20.05 per cent and 10.02 per cent, respectively.

A total of 735,133 shares changed hands on the counter till 11:06AM (IST)

With the likes of M&M and Ashok Leyland gearing up for their small trucks segment, Tata Motors is feeling the heat of the competition.

Amidst a transformative phase, auto companies, both traditional and EV-focused, are competing for senior-level executives. Nearly two-thirds of recent talent moves are within the industry, with EV firms drawing a significant share, reflecting the sector's dynamic evolution and demand for innovative leadership.

Sales of heavy duty trucks that can carry more freight has grown in healthy double digits - by 15% in the first seven months of the year, said Vinod Aggarwal, president of the Society of Indian Automobile Manufacturers (SIAM) and VE Commercial Vehicles (VECV) chief executive officer and managing director. VECV is a joint venture between the Volvo Group and Eicher Motors.

Amidst a transformative phase, auto companies, both traditional and EV-focused, are competing for senior-level executives. Nearly two-thirds of recent talent moves are within the industry, with EV firms drawing a significant share, reflecting the sector's dynamic evolution and demand for innovative leadership.

A total of 4,422,164 shares changed hands on the counter till 02:10PM (IST).

"We are very keen on getting external investments also, but we want to make sure that we have the right strategic partner with us. I mean, we do it at the right valuation. So right now, the focus is to get Switch into a very, very strong mode by developing products, by maturing our technology on both the bus side and the LCV side," Agarwal said.

Ashok Leyland's electric vehicle arm, Switch Mobility, seeks external investments cautiously, prioritizing the right strategic partner at the right valuation. The company remains open to individual investment until an ideal ally is secured, with a focus on developing robust products and technology maturity. Switch India anticipates being cash neutral or positive, while Switch UK may require additional investments in FY25 due to the European and UK markets' subdued performance.

A total of 366,709 shares changed hands on the counter till 12:58PM (IST)

Prabhudas Lilladher is bullish on Ashok Leyland has recommended buy rating on the stock with a target price of Rs 210 in its research report dated November 11, 2023.

Motilal Oswal is bullish on Ashok Leyland recommended buy rating on the stock with a target price of Rs 215 in its research report dated November 11, 2023.

Emkay Global Financial recommended hold rating on Ashok Leyland with a target price of Rs 180 in its research report dated November 12, 2023.

Promoters held 0.0 per cent stake in the company as of 30-Sep-2023, while FII and DII ownership stood at 20.05 per cent and 10.02 per cent, respectively.

A total of 136,259 shares changed hands on the counter till 01:19PM (IST).

Ashok Leyland Ltd., incorporated in the year 1948, is a Large Cap company (having a market cap of Rs 51323.50 Crore) operating in Auto sector.

After hitting a multi-year low in FY21 due to the pandemic, India's truck and bus market has been growing in the last couple of years. In FY23, it surpassed the FY18 peak with 962,000 vehicles. It had sold 856,000 in FY18, according to the Society of Indian Automobile Manufacturers.

After hitting a multi-year low in FY21 due to the pandemic, India's truck and bus market has been growing in the last couple of years. In FY23, it surpassed the FY18 peak with 962,000 vehicles. It had sold 856,000 in FY18, according to the Society of Indian Automobile Manufacturers.

A mix of large and mid-cap stocks showcased robust momentum by surpassing their 50-day Simple Moving Average (SMA) on November 12.

As of 30-Sep-2023, promoters held 0.0 per cent stake in the company, while FIIs held 20.05 per cent and domestic institutional investors had 10.02 per cent.

Ashok Leyland Ltd., incorporated in the year 1948, is a Large Cap company (having a market cap of Rs 50897.77 Crore) operating in Auto sector.

Investec maintained a buy rating on BSE and raised the target price to Rs 2345 from Rs 2140 earlier.

Ashok Leyland has announced that the board has approved an investment of Rs 1,200 crore in its EV arm Switch Mobility for capital expenditure, R&D and meeting operational requirements in the UK as well as in India. The funds will be infused over the next few months after necessary statutory approvals in one or more tranches.

Standalone profit for the three months ended September rose over two-fold to 5.61 billion rupees ($67.36 million), but fell short of analysts expectations of 6.28 billion rupees, per LSEG data.

Revenue from operations rose 16.6 percent to Rs 9,638 crore in the quarter from Rs 8,266 crore in same quarter last fiscal.

On the technical charts, the RSI of the stock stood at 53.26.

A total of 186,009 shares changed hands on the counter till 11:46AM (IST)

​The Hindujas first foray in the rarefied world of super-luxe hospitality is the newly-opened Old War Office (OWO) as a Raffles hotel in Londons Whitehall. A one-night stay at the Churchill Suite here comes for an eye-watering 25,000 pounds, which is about Rs 25.8 lakh.

The stock quoted a 52-week high of Rs 191.45 and a 52-week low of Rs 133.1.

On the technical charts, the 200-day moving average of the stock stood at Rs 160.4.

India is unlikely to adopt hyperloop technology for high-speed trains in the near future due to its low level of technological maturity and economic viability. NITI Aayog Member V K Saraswat noted that foreign offers for the technology were not viable, and hyperloop remains a study program.

As of 30-Sep-2023, promoters held 0.0 per cent stake in the company, while FIIs held 20.05 per cent and domestic institutional investors had 10.02 per cent.

Ashok Leyland on Thursday announced its plans to strengthen its LCV presence in Eastern India with a focus on West Bengal, said the company through a statement. The company has taken various steps to expand its market portfolio in West Bengal market due to the state's business environment, a customer base, and a hospitable climate for investments.

On the technical charts, the RSI of the stock stood at 37.73.

On the technical charts, the 200-day moving average of the stock stood at Rs 160.12.

A total of 261,728 shares changed hands on the counter till 11:36AM (IST)

Leading infrastructure investors, the National Investment and Infrastructure Fund (NIIF) and Macquarie Group, are in the early stages of discussions to acquire a significant minority stake in Tecso Charge Zone.

A total of 184,770 shares changed hands on the counter till 01:29PM (IST).

Generative Pre-trained Transformers (GPT) are a family of neural network models that use the transformer architecture and are used in generative AI applications such as ChatGPT.

The automobile industry is among the few sectors that have adopted AI and Metaverse to revolutionize sales and promotion. Bots will become more versatile and intelligent, handling structured and unstructured tasks. As a result, organizations will achieve greater productivity levels and uncover valuable business insights, said Hasit Trivedi, Chief Technical Officer (CTO) of Digital Technologies and Global Head - AI, Tech Mahindra.

Besides, a push from boards and investors amid a manifold increase in the complexity of risks facing any company is leading many - especially in sectors such as financial services and technology, and at large diversified conglomerates - to take succession planning to at least two levels below the CEO and CXOs.

Ashok Leyland, the commercial vehicle manufacturer owned by the Hinduja Group, is setting its sights on a significant increase in its export revenue over the next five years. As per Dheeraj Hinduja, the company's Executive Chairman, the goal is to have more than one-fifth of the company's revenue coming from exports.

From Ashok Leyland to Indian Hotels Company, Gaurang Shah, Senior Vice President at Geojit Financial Services shared top bets that offer good entry points in this ongoing market correction

A total of 290,560 shares changed hands on the counter till 12:53PM (IST).

“This quarter would be good across most of the hospitality names and the next two quarters are going to be extremely good. We think that the best participant would be Indian Hotels followed by Lemon Tree. I think these are the two names where you have a fair amount of growth visibility.”

The stock traded at a P/E multiple of 27.39, while the price-to-book value ratio stood at 4.78.

Gopichand P Hinduja, Chairman of the Hinduja Group, believes that India has the potential for significant growth and could become the world's third-largest economy by 2030. However, he suggests that the government should focus on improving the ease of doing business by expediting policy implementation and forming a committee to address obstacles.

A total of 107,421 shares changed hands on the counter till 12:23PM (IST)

The shortage of lithium-ion batteries in India has raised concerns among electric vehicle (EV) buyers. The country heavily relies on imported lithium, which drives up the cost of EV production. However, metal-air batteries, which use oxygen from the atmosphere and metals like zinc and aluminum, offer a lightweight and budget-friendly alternative. Metal-air technology could revolutionize the EV industry by providing a longer range than lithium batteries.

A total of 236,537 shares changed hands on the counter till 12:27PM (IST).

Several midcap stocks in the Indian market showcased significant movements by surpassing their 20-day SMA, indicating potential changes in their stock trends.

With a capacity to assemble 56 cabins per shift and operating in two shifts, the new cabin trim line will address the growing demand of large-size cabins for commercial vehicles, the company said.

A total of 63,297 shares changed hands on the counter till 11:31AM (IST).

“Globally, the risk of one more rate hike and higher for longer could keep interest rates higher in the US. That is what the hardening bond yield in the US is indicating. Indian markets should be resilient. I do not see much downside but the upside would depend on the earnings delivery and that would lead to a stock specific action.”

The Relative Strength Index of the stock stood at 44.12 on Thursday.

“Maruti seems to be doing very well related to peers and EV transition in passenger vehicles has not yet picked up. So to that extent, Maruti has not been as impacted with EV transition relative to what two-wheelers have faced. While Hero MotoCorp has seen a slew of new launches, the market share recovery has not happened yet. ”

Auto sector has witnessed a healthy retail uptick during Onam and Ganesh Chaturthi, it is expected that retail sales during the upcoming festive season (Diwali, Dusherra) will be strong compared to the previous year. With 27% returns in 6 months, the Nifty Auto index is among the best sectoral performers and is led by strong upside in Tata Motors, Maruti Suzuki, M&M and Hero MotoCorp.

Sanjiv Bhasin, Director at IIFL Securities, believes that the next six months could be favorable for the consumption sector, especially if geopolitical risks stabilize. Bhasin recommends buying Reliance over Avenue Supermarts and suggests that HDFC Bank has a better risk-reward ratio compared to ICICI Bank. He also mentions that FMCG stocks, except for ITC, have underperformed the broader market due to a shift in investor preference towards midcaps and PSUs. Bhasin sees potential in Ashok Leyland, given its presence in defense and the passenger vehicle market.

The Relative Strength Index of the stock stood at 49.3 on Tuesday.

Investors should hold cash so they can enter the markets when there is a big dip, suggested analysts.

A total of 263,597 shares changed hands on the counter till 10:30AM (IST).

Ashok Leyland has given a return of 18.13 percent in 2023, outperforming the benchmark Nifty 50, which has gained around 8.54 percent during the period

We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.

Price has broke out of a cup with handle pattern and has retested the support. Good to enter at CMP with its technical target at 300 and SL at 162. Around 70% ROI in medium term with 9:1 R:R. Robust fundamentals. Do your own due diligence before taking any action. Peace!!

This is the single-largest order received from the state transport undertakings and will further contribute to strengthening Ashok Leyland's position in the bus industry, the Chennai-based Hinduja group flagship said in a regulatory filing.

A total of 167,394 shares changed hands on the counter till 10:51AM (IST).