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ASHOKLEY

114.6
-2.8 (-2.39%)
Updated 03:28 27/01 IST

ASHOKLEY Buy or Sell - FrontPage Forums

5 Users have submitted 5 trade ideas of Rs. 49,700.1 for ASHOKLEY
Disclaimer
100% Bullish
0% Bearish

ASHOKLEY Buy or Sell - Brokerage Reports

No. of reports in last year
7
No. of analysts
5
Average Consensus Forecast
86.29
Consensus Potential
-42.42%
See ASHOKLEY Share Price Targets >>

ASHOKLEY Ratings

Long term ASHOKLEY rating by FrontPage users
4.4/5 (14 Ratings)
Find answers to all your questions on live ASHOKLEY message board: Is ASHOKLEY buy or sell? Should I buy ASHOKLEY shares? Why are ASHOKLEY shares falling? Should I invest in ASHOKLEY stock?

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ASHOKLEY Share Price Discussion

N
Reputation: 10,507 • Today 1:56 AM
Why green tax may not boost replacement demand for vehicles
The Ministry of Road Transport and Highways has approved a proposal to levy a tax at the rate of 10-25% of the annual road tax paid by commercial fleet owners for vehicles which are older than eight years. The tax will be as high as 50% in cities with high pollution.
The Economic Times
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Somiish Sukkla in ASHOKLEY
#ASHOKLEY is good to short below 121.40 for 118...

#ASHOKLEY opened Gap down hence did not trigger
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Type
Buy
Instrument
ASHOKLEY JAN21 115 PE
Entry Price
₹2.25
Price@Trade
₹2.25
Target Price
₹5
Stop Price
₹1
Valid Till
Jan 28, 2021 3:20 AM
Margin
₹20,250 approx for 9000 Qty
Status
Stoploss Hit
Exit Price
₹1
Net P&L
-₹11,250 (-55.56%)
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TrackerBot @trackerbot
Today 5:57 AM

Update
Stoploss Hit
Exit Price
₹1
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Reply
S
Reputation: 6,941 • Today 3:35 AM

Type
Buy
Instrument
ASHOKLEY
Entry Price
₹113.5
Price@Trade
₹113.5
Target Price
₹150
Stop Price
₹95
Valid Till
Feb 26, 2021 3:20 AM
Margin
₹22,700 approx for 200 Qty
Status
Active
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Reply
S
Reputation: 27,310 • Today 2:56 AM

Type
Sell
Instrument
ASHOKLEY JAN21 FUT
Entry Price
₹110.6
Price@Trade
₹110.6
Target Price
₹100
Stop Price
₹114
Valid Till
Jan 27, 2021 3:20 AM
Margin
₹683,843.08 approx for 9000 Qty
Status
Stoploss Hit
Exit Price
₹114
Net P&L
-₹30,600 (-4.47%)
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Reply (1)
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TrackerBot @trackerbot
Today 3:41 AM

Update
Stoploss Hit
Exit Price
₹114

Type
Buy
Instrument
ASHOKLEY JAN21 112.5 CE
Entry Price
₹1.3
Price@Trade
₹1.3
Target Price
₹3
Stop Price
₹0.6
Valid Till
Jan 28, 2021 3:20 AM
Margin
₹23,400 approx for 18000 Qty
Status
Target Achieved
Exit Price
₹3
Net P&L
+₹30,600 (+130.77%)
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TrackerBot @trackerbot
Today 3:46 AM

Update
Target Achieved
Exit Price
₹3
D
Reputation: 579,472 • Jan 25 1:26 AM
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Reply

#ASHOKLEY is good to short below 121.40 for 118.50, 118, 117, close below this for 115.75. buy only above 122.50
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Reply

Type
Buy
Instrument
ASHOKLEY JAN21 FUT
Entry Price
₹117.55
Price@Trade
₹117.5
Target Price
₹129
Stop Price
₹116  ₹117.7
Valid Till
Jan 28, 2021 3:20 AM
Margin
₹356,861.25 approx for 9000 Qty
Status
Stoploss Hit
Exit Price
₹113.3
Net P&L
-₹38,250 (-10.72%)
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TrackerBot @trackerbot
Jan 25 9:00 AM

Update
Trade Entered
Entry Price
₹117.55
FUTURE STOCKS EXPERT @magan
Today 2:45 AM

Update
Stoploss Trailed
Price @ Update
₹117.75
Original SL
₹116
New SL
117.7
TrackerBot @trackerbot
Today 2:46 AM

Update
Stoploss Hit
Exit Price
₹113.3

Type
Buy
Instrument
ASHOKLEY JAN21 FUT
Entry Price
₹117.8
Price@Trade
₹117.8
Target Price
₹126
Stop Price
₹116
Valid Till
Jan 28, 2021 3:20 AM
Margin
₹356,877 approx for 9000 Qty
Status
Stoploss Hit
Exit Price
₹113.3
Net P&L
-₹40,500 (-11.35%)
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TrackerBot @trackerbot
Today 2:46 AM

Update
Stoploss Hit
Exit Price
₹113.3
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Reply

Type
Buy
Instrument
ASHOKLEY JAN21 122.5 CE
Entry Price
₹0.65
Price@Trade
₹0.75
Target Price
₹6
Stop Price
₹0.05
Valid Till
Jan 28, 2021 3:20 AM
Margin
₹11,700 approx for 18000 Qty
Status
Stoploss Hit
Exit Price
₹0.05
Net P&L
-₹10,800 (-92.31%)
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TrackerBot @trackerbot
Jan 25 8:51 AM

Update
Trade Entered
Entry Price
₹0.65
TrackerBot @trackerbot
Today 8:49 AM

Update
Stoploss Hit
Exit Price
₹0.05

Type
Buy
Instrument
ASHOKLEY JAN21 122.5 CE
Entry Price
₹0.8
Price@Trade
₹0.8
Target Price
₹9
Stop Price
₹0.05  ₹0.55
Valid Till
Jan 28, 2021 3:20 AM
Margin
₹14,400 approx for 18000 Qty
Status
Stoploss Hit
Exit Price
0.55
Net P&L
-₹4,500 (-31.25%)
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FUTURE STOCKS EXPERT @magan
Jan 25 8:59 AM

Update
Stoploss Trailed
Price @ Update
₹0.6
Original SL
₹0.05
New SL
0.55
TrackerBot @trackerbot
Jan 25 9:00 AM

Update
Stoploss Hit
Exit Price
0.55

Type
Buy
Instrument
ASHOKLEY JAN21 122.5 CE
Entry Price
₹0.9
Price@Trade
₹0.9
Target Price
₹6
Stop Price
₹0.05
Valid Till
Jan 28, 2021 3:20 AM
Margin
₹16,200 approx for 18000 Qty
Status
Stoploss Hit
Exit Price
₹0.05
Net P&L
-₹15,300 (-94.44%)
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TrackerBot @trackerbot
Today 8:49 AM

Update
Stoploss Hit
Exit Price
₹0.05

Type
Buy
Instrument
ASHOKLEY JAN21 125 CE
Entry Price
₹0.5
Price@Trade
₹0.5
Target Price
₹6
Stop Price
₹0.05
Valid Till
Jan 28, 2021 3:20 AM
Margin
₹4,500 approx for 9000 Qty
Status
Stoploss Hit
Exit Price
₹0.05
Net P&L
-₹4,050 (-90%)
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TrackerBot @trackerbot
Today 2:57 AM

Update
Stoploss Hit
Exit Price
₹0.05

Type
Buy
Instrument
ASHOKLEY JAN21 122.5 CE
Entry Price
₹0.95
Price@Trade
₹0.95
Target Price
₹6
Stop Price
₹0.2
Valid Till
Jan 28, 2021 3:20 AM
Margin
₹8,550 approx for 9000 Qty
Status
Stoploss Hit
Exit Price
₹0.2
Net P&L
-₹6,750 (-78.95%)
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TrackerBot @trackerbot
Today 2:46 AM

Update
Stoploss Hit
Exit Price
₹0.2

Type
Buy
Instrument
ASHOKLEY JAN21 125 CE
Entry Price
₹0.55
Price@Trade
₹0.55
Target Price
₹6
Stop Price
₹0.05
Valid Till
Jan 28, 2021 3:20 AM
Margin
₹4,950 approx for 9000 Qty
Status
Stoploss Hit
Exit Price
₹0.05
Net P&L
-₹4,500 (-90.91%)
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TrackerBot @trackerbot
Today 2:57 AM

Update
Stoploss Hit
Exit Price
₹0.05

Type
Buy
Instrument
ASHOKLEY JAN21 122.5 CE
Entry Price
₹1.2
Price@Trade
₹1.2
Target Price
₹6
Stop Price
₹0.6
Valid Till
Jan 28, 2021 3:20 AM
Margin
₹10,800 approx for 9000 Qty
Status
Stoploss Hit
Exit Price
₹0.6
Net P&L
-₹5,400 (-50%)
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TrackerBot @trackerbot
Jan 25 8:53 AM

Update
Stoploss Hit
Exit Price
₹0.6

Type
Sell
Instrument
ASHOKLEY JAN21 125 CE
Entry Price
₹0.75
Price@Trade
₹0.75
Target Price
₹0.1
Stop Price
₹1
Valid Till
Jan 28, 2021 3:20 AM
Margin
₹295,854.75 approx for 9000 Qty
Status
Target Achieved
Exit Price
₹0.1
Net P&L
+₹5,850 (+1.98%)
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TrackerBot @trackerbot
Today 2:47 AM

Update
Target Achieved
Exit Price
₹0.1

Type
Sell
Instrument
ASHOKLEY JAN21 125 CE
Entry Price
₹0.75
Price@Trade
₹0.75
Target Price
₹0.1
Stop Price
₹1
Valid Till
Jan 28, 2021 3:20 AM
Margin
₹295,839 approx for 9000 Qty
Status
Target Achieved
Exit Price
₹0.1
Net P&L
+₹5,850 (+1.98%)
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TrackerBot @trackerbot
Today 2:47 AM

Update
Target Achieved
Exit Price
₹0.1

Type
Sell
Instrument
ASHOKLEY
Entry Price
₹118.8
Price@Trade
₹118.8
Target Price
₹117
Stop Price
₹120
Valid Till
Jan 25, 2021 3:20 AM
Margin
₹154,440 approx for 1300 Qty
Status
Target Achieved
Exit Price
₹117
Net P&L
+₹2,340 (+1.52%)
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TrackerBot @trackerbot
Jan 25 8:35 AM

Update
Target Achieved
Exit Price
₹117

Type
Buy
Instrument
ASHOKLEY JAN21 122.5 CE
Entry Price
₹1.3
Price@Trade
₹1.35
Target Price
₹6
Stop Price
₹0.55
Valid Till
Jan 28, 2021 3:20 AM
Margin
₹11,700 approx for 9000 Qty
Status
Stoploss Hit
Exit Price
₹0.55
Net P&L
-₹6,750 (-57.69%)
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TrackerBot @trackerbot
Jan 25 5:00 AM

Update
Trade Entered
Entry Price
₹1.3
TrackerBot @trackerbot
Jan 25 8:57 AM

Update
Stoploss Hit
Exit Price
₹0.55

Type
Buy
Instrument
ASHOKLEY JAN21 125 CE
Entry Price
₹0.95
Price@Trade
₹1
Target Price
₹5
Stop Price
₹0.4
Valid Till
Jan 28, 2021 3:20 AM
Margin
₹8,550 approx for 9000 Qty
Status
Stoploss Hit
Exit Price
₹0.4
Net P&L
-₹4,950 (-57.89%)
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TrackerBot @trackerbot
Jan 25 4:44 AM

Update
Trade Entered
Entry Price
₹0.95
TrackerBot @trackerbot
Jan 25 8:33 AM

Update
Stoploss Hit
Exit Price
₹0.4

Type
Sell
Instrument
ASHOKLEY
Entry Price
₹118.55
Price@Trade
₹118.55
Target Price
₹100
Stop Price
₹120
Valid Till
Jan 25, 2022 3:20 AM
Margin
₹35,565 approx for 300 Qty
Status
Exited
Exit Price
₹112
Net P&L
+₹1,965 (+5.53%)
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Update
Exited
Exit Price
₹112
Net P&L
+₹1,965 (+5.53%)
T
Reputation: 30,237 • Jan 25 3:07 AM
TradeAdda in ASHOKLEY
#ASHOKLEY Pure Cash Trade For Educational Purp...

Ashokley
#Update
Not activated as it was above 125
#TradeAdda #ASHOKLEY
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Yeah, I think till budget market will be Neutral
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T
Reputation: 30,237 • Jan 25 2:23 AM

ASHOKLEY - chart - 2012734
Pure Cash Trade
For Educational Purposes only
#TradeAdda
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N
Reputation: 10,507 • Jan 23 9:33 AM
This Week In Auto: COVID-19 Vaccine Transport Takes Centre Stage
Here is what made headlines in the auto space during the week
Moneycontrol
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Q. Buy at 125,What is the next target of ashok ley
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Reply (6)
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Dharun Invester @dharun
Jan 24 8:34 AM

130 call is showing buy.
Dharun Invester @dharun
Jan 24 8:39 AM

Careful at 126.5 /127.85
Dharun Invester @dharun
Jan 24 8:44 AM

Bullish harami candlestick on daily chart,
D
Reputation: 579,472 • Jan 23 6:42 AM

#ASHOKLEY#TATAMTRDVR
The government’s vaccine programme is opening up a new business opportunity for truck makers. 
With 10,000-12,000 specialised trucks needed for the vaccines to be transported across the country — and a strong export opportunity as neighbouring countries rush...
Read more...
2
Reply
P
Reputation: 2,469 • Jan 22 7:48 AM

Type
Buy
Instrument
ASHOKLEY JAN21 120 PE
Entry Price
₹2.2
Price@Trade
₹2.2
Target Price
₹3.5
Stop Price
₹1
Valid Till
Jan 28, 2021 3:20 AM
Margin
₹39,600 approx for 18000 Qty
Status
Target Achieved
Exit Price
₹3.5
Net P&L
+₹23,400 (+59.09%)
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TrackerBot @trackerbot
Jan 25 3:09 AM

Update
Target Achieved
Exit Price
₹3.5

✅Positional ✅
Buy on CMP
Average on dips
Target 130/140/150++
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Type
Buy
Instrument
ASHOKLEY JAN21 130 CE
Entry Price
₹2.5
Price@Trade
₹2.95
Target Price
₹5
Stop Price
₹1.5
Valid Till
Jan 28, 2021 3:20 AM
Margin
₹22,500 approx for 9000 Qty
Status
Exited before entry
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Reply (1)
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Update
Exited before entry
Price @ Update
₹2.85
D
Reputation: 1,059 • Jan 22 4:19 AM

Type
Buy
Instrument
ASHOKLEY JAN21 130 CE
Entry Price
₹2.8
Price@Trade
₹2.95
Target Price
₹3.8
Stop Price
₹1.8
Valid Till
Jan 22, 2021 3:20 AM
Margin
₹25,200 approx for 9000 Qty
Status
Exited before entry
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Donika @donika
Jan 22 4:20 AM

Update
Exited before entry
Price @ Update
₹2.7

Type
Sell
Instrument
ASHOKLEY JAN21 120 PE
Entry Price
₹1.35
Price@Trade
₹1.35
Target Price
₹0.25
Stop Price
₹2
Valid Till
Jan 28, 2021 3:20 AM
Margin
₹350,984.25 approx for 9000 Qty
Status
Stoploss Hit
Exit Price
₹2
Net P&L
-₹5,850 (-1.67%)
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TrackerBot @trackerbot
Jan 22 6:11 AM

Update
Stoploss Hit
Exit Price
₹2

Type
Sell
Instrument
ASHOKLEY JAN21 135 CE
Entry Price
₹1.2
Price@Trade
₹1.2
Target Price
₹0.1
Stop Price
₹2
Valid Till
Jan 28, 2021 3:20 AM
Margin
₹227,263.5 approx for 9000 Qty
Status
Target Achieved
Exit Price
₹0.1
Net P&L
+₹9,900 (+4.36%)
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TrackerBot @trackerbot
Jan 25 9:00 AM

Update
Target Achieved
Exit Price
₹0.1
1
Reply

Type
Buy
Instrument
ASHOKLEY
Entry Price
₹123
Price@Trade
₹122.65
Target Price
₹124
Stop Price
₹122
Valid Till
Jan 22, 2021 3:20 AM
Margin
₹12,300 approx for 100 Qty
Status
Target Achieved
Exit Price
₹124
Net P&L
+₹100 (+0.81%)
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TrackerBot @trackerbot
Jan 22 3:09 AM

Update
Trade Entered
Entry Price
₹123
Rambadrarao @rambadrarao
Jan 22 3:13 AM

I am not able to understand this application Murthy sir
TrackerBot @trackerbot
Jan 22 3:15 AM

Update
Target Achieved
Exit Price
₹124
1
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NOW ADD #TVSMOTOR, BULLISH ABOVE 517, SUPER BULLISH IF BREAKS 523.
N
Reputation: 10,507 • Jan 21 10:26 AM
F&O: Higher tops and bottoms signal Nifty remains in a bullish setup
The index has to hold above 14,500 level to extend its move towards 14,750 and then 15,000 levels, while on the downside, immediate support exists at 14,450 and then 14,250 levels.
The Economic Times
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D
Reputation: 579,472 • Jan 21 5:56 AM

Type
Buy
Instrument
ASHOKLEY FEB21 120 CE
Entry Price
₹11.4
Price@Trade
₹11.4
Target Price
₹16
Stop Price
₹10
Valid Till
Feb 25, 2021 3:20 AM
Margin
₹10,260,000 approx for 900000 Qty
Status
Stoploss Hit
Exit Price
₹10
Net P&L
-₹1,260,000 (-12.28%)
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TrackerBot @trackerbot
Jan 21 8:17 AM

Update
Stoploss Hit
Exit Price
₹10
D
Reputation: 579,472 • Jan 21 5:51 AM

Type
Buy
Instrument
ASHOKLEY FEB21 120 CE
Entry Price
₹11.35
Price@Trade
₹11.35
Target Price
₹18
Stop Price
₹8
Valid Till
Feb 25, 2021 3:20 AM
Margin
₹10,215,000 approx for 900000 Qty
Status
Stoploss Hit
Exit Price
₹5.6
Net P&L
-₹5,175,000 (-50.66%)
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TrackerBot @trackerbot
Today 2:46 AM

Update
Stoploss Hit
Exit Price
₹5.6
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Reply (8)
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Mayuri Devi @mayuridevi
Jan 20 4:22 AM

Sorry long form

Its indicator change from bullish to bearish and reverse
Mayuri Devi @mayuridevi
Jan 23 3:28 AM

Ok thank you sir it's very useful in intraday and swing also
R
Reputation: 32 • Jan 20 5:20 AM
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Reply
R
Reputation: 32 • Jan 20 3:39 AM
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F
Reputation: 361 • Jan 20 3:36 AM
FinanTree in ASHOKLEY
BUY ASHOKLEY 120 CE AT CMP 5.25 TGT OPEN #ASHOKLEY

+4500 /- PROFIT PER LOT IN
🔥🔥🔥 ASHOKLEY 🚀🚀🚀
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F
Reputation: 361 • Jan 20 3:36 AM
FinanTree in ASHOKLEY
BUY ASHOKLEY 120 CE AT CMP 5.25 TGT OPEN #ASHOKLEY

ASHOKLEY AGAAIN NEW HIGH 5.75 🚀🚀🚀
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Reply
F
Reputation: 361 • Jan 20 3:30 AM

BUY ASHOKLEY 120 CE AT CMP 5.25 TGT OPEN
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  • ASHOKLEY - Share Price - Fundamentals

    keyboard_arrow_down
    Market Capitalization26,801.12
    Enterprise Value25,825.53
    Price to Earnings27.23
    Price to Book Value3.22
    Return on Capital Employed0.29
    Return on Equity0.22
    Face Value1
    Dividend Yield0.02
  • ASHOKLEY - Brokerage Reports

    keyboard_arrow_down
    DateBrokerageCallTarget
    9-Nov-20Prabhudas LilladherBuy100
    9-Nov-20Motilal OswalBuy100
    12-Oct-20Axis DirectBuy90
    10-Jul-20Geojit Financial ServicesBuy59
    5-May-20Axis DirectBuy62
    ASHOKLEY Brokerage Price Target
  • ASHOKLEY Share Price - Historical (₹)

    keyboard_arrow_down
    DateOpenHighLowClose
    Jan 27113.8116.15110115.15
    Jan 25123.5124.35116.8117.4
    Jan 22120127.25119.85122.25
    Jan 21122.5123.75118119.5
    Jan 20119.95122.25118.65121.7
  • ASHOKLEY Share Price - Daily Moving Averages (DMA)

    keyboard_arrow_down
    20 Day Moving Average₹112.3
    30 Day Moving Average₹106.67
    50 Day Moving Average₹100.95
    100 Day Moving Average₹88.18
    200 Day Moving Average₹69.18
  • ASHOKLEY - Profit And Loss

    keyboard_arrow_down
    CONSOLIDATEDMar-18Mar-17 % Change
    Revenue26,52420,018.660.32
    Operating Profit2,3491,682.490.4
    Profit Before Tax2,2301,330.090.68
    Net Income1,5621,223.080.28
  • ASHOKLEY - Balance Sheet

    keyboard_arrow_down
    CONSOLIDATEDMar-19Mar-18 % Change
    Shareholder's Funds8,3337,1640.16
    Total Liabilities9,8929,8480
    Total Assets18,22417,0130.07
  • ASHOKLEY - Cash Flow

    keyboard_arrow_down
    CONSOLIDATEDMar-18Mar-17 % Change
    Cash from Operating Activity5,418.352,154.771.51
    Cash from Investing Activity-3,331.9-1,477.041.26
    Cash from Financing Activity-1,961.34-1,371.850.43
    Net Cash Flow125.11-694.12-1.18
  • ASHOKLEY - Ratios

    keyboard_arrow_down
    CONSOLIDATEDMar-18Mar-17
    Return on Assets0.090.08
    Return on Equity0.220.2
    Return on Capital Employed0.290.18
  • ASHOKLEY - 3 year Growth

    keyboard_arrow_down
    3 Year CAGR Growth in Revenue0.91
    3 Year CAGR Growth in Operating Profit2.11
    3 Year CAGR Growth in EBIDTA1.33
    3 Year CAGR Growth in Net Income3.67
    3 Yr CAGR Growth - Diluted EPS3.53
  • ASHOKLEY - 5 year Growth

    keyboard_arrow_down
    5 Year CAGR Growth in Revenue1.13
    5 Year CAGR Growth in Operating Profit13.51
    5 Year CAGR Growth in EBIDTA1.37
    5 Year CAGR Growth in Net Income2.6
    3 Yr CAGR Growth - Diluted EPS2.28
  • ASHOKLEY - Recent News

    keyboard_arrow_down
    NewsBot
    Today 1:56 AM
    Why green tax may not boost replacement demand for vehicles
    The Economic Times
    NewsBot
    Jan 23 9:33 AM
    This Week In Auto: COVID-19 Vaccine Transport Takes Centre Stage
    Moneycontrol
    NewsBot
    Jan 21 10:26 AM
    F&O: Higher tops and bottoms signal Nifty remains in a bullish setup
    The Economic Times
    NewsBot
    Jan 15 8:58 AM
    Q3 Earnings | These 10 Stocks Could See Their PAT Double In December Quarter
    Moneycontrol
    NewsBot
    Jan 13 8:01 AM
    Market too hot to handle? Don’t cash out yet
    The Economic Times
    NewsBot
    Jan 11 12:31 PM
    IT stocks ready for a rerating, build a position there
    The Economic Times
    NewsBot
    Jan 7 5:13 AM
    Ashok Leyland Share Price Hits New 52-week High After Nomura Retains Buy
    Moneycontrol
    NewsBot
    Jan 5 12:36 PM
    Is it time to go for midcaps & smallcaps?
    The Economic Times
    NewsBot
    Jan 5 2:23 AM
    Trade Spotlight: What Should Investors Do With Ashok Leyland, Tata Steel & Hindalco?
    Moneycontrol
    NewsBot
    Jan 4 10:36 AM
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  • ASHOKLEY - More Information

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    Ashok Leyland Ltd:
    Ashok Leyland Limited, along with its subsidiaries, produces and sells commercial vehicles in India with international recognition. The company offers multiple sorts of buses; trucks for mining and construction, as well as tractors; light vehicles; and defence vehicles comprising water bowsers, snow clearing vehicles, refrigerated trucks, ambulances etc.
    Ashok Leyland Limited is offering power solutions, among which diesel generator sets, engines for earthmoving equipment, compressors, cranes, road sweepers etc. are significant. It is also manufacturing agriculture engines for pump set, harvester combine applications, etc. Besides that, the company is providing spare parts and forgings and castings. Several services, such as driver training services and vehicle and housing financing services, are provided by the company. The company was established in 1948, and its headquarter is at Chennai, India. It is a subsidiary of Hinduja Automotive Limited.
    Company Information:
    Being Nation's 2nd largest manufacturer of commercial vehicles, Ashok Leyland Ltd is the 4th largest producer of buses in the whole world and possessing 12th position among truck producers globally. The company was incepted in 1948 as Ashok Motors. It was set up while a collaboration took place with Austin Motor Company, England for the assembly of Austin cars. In the next year 1949, the company opened a factory at Ennore, Madras.
    In 1950, signing an agreement with Leyland (UK), Ashok Motors achieved rights up to seven years to import, assemble and manufacture Leyland trucks. In 1954, after getting the Government approval to manufacture the Leyland commercial vehicles, Ashok Motors was granted a license to produce 1,000 Comets a year. Following equity participation from Leyland Motors Ltd., the company's name got changed to Ashok Leyland Ltd. in 1955. In 1967, first Indian-made double-decker having 50% indigenous components, namely 'Titan' was introduced by the company.
    In 1970, the company started to intervene in the defence requirement by manufacturing 1,000 numbers of the 6x4 Hippo Tipper. The license was given to manufacturing 10,000 vehicles a year to the company in 1972. Four years later in 1976, the company launched a bus, namely Viking, which is facilitated with front entry along with an alternator and a unique overhang. The company launched Cheetah, the Nation's first rear-engine bus in 1978. In 1980, the company established its second plant in Hosur. The company introduced the country's first vestibule or the articulated bus in 1982. The company received ISO 9001 Certification in 1995. An all-terrain logistic vehicle, namely Stallion, was launched in 1997.
    The company launched Nation's first Hybrid Electric Vehicle in 2002. The company launched the truck business of Czech Republic-based AVIA in 2006. In 2007, a joint venture took place between Ashok Leyland Ltd and Nissan Motor Company, Japan for production and marketing of Light Commercial Vehicles. In 2008, another joint venture took place between the company and USA's John Deere, for the manufacturing the equipment for construction. A plant at Pantnagar in Uttarakhand was opened in March 2010. The company intervened the Tanzanian market acquiring an order for 723 trucks, buses and select application vehicles in September 2011.
    The stake in Optare plc was increased to 75.1%, in January 2012. In September 2016, the amalgamation of Hinduja Foundries Limited (HFL) with the Company was approved by the Board of Directors of the company. As in March 2017, 24 Subsidiaries, 7 Associate Companies and 2 Joint venture companies are possessed by the company. The company declared its great achievement of being chosen by the Ministry of Defence (MOD) top fulfil a critical order. The defence ministry was asked to supply Ashok Leylands High Mobility 10x10 vehicles (HMV 10x10) which are capable of carrying Smerch Rockets. The company is at a target to achieve this prestigious target of Rs.100 crore. With revenue of Rs.29, 620 the company is enjoying an Operating Profit of Rs.4248 crore in 2018.
    How Ashok Leyland Ltd is categorised as Auto Sector, and Auto - HCVs & LCVs Industry:
    The commercial vehicle industry is one of the segments in Auto sectors. It's broadly categorized as Medium & Heavy Commercial vehicles (M&HCV) and Light Commercial Vehicles (LCV). The classification is based on the Gross Vehicle Weight (GVW) of the vehicle. The liberalization of government policy about technical, foreign and financial collaboration head to a sudden spurt in industrial collaboration in the LCV segment. The liberal international technology policy leads to abundant improvement in commercial vehicles technology. But at the same time, the import bill plummeted at an accelerated pace as these vehicles had high import content.
    Ashok Leyland Ltd is categorised as Auto Sector, and Auto - HCVs & LCVs Industry. The Auto sector includes several types of companies that deals with the automobile industry. Besides auto manufacturers, it consists of a broad range of companies which focuses on manufacturing parts that go into cars, two-wheelers and trucks. It also includes few other companies that are responsible for vehicle sales, rentals or repairs.
    Ashok Leyland Ltd, Competitors and Sector Peers:
    Eicher Motors Ltd. EICMOT
    Force Motors Ltd. FORMOT
    SML Isuzu Ltd. SWAMAZ
    Tata Motors Ltd. TATMOL
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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