Ashok Leyland Share Price Target 2030 | Fundamental and Technical Analysis

Ashok Leyland you must have seen written when you driving through your bike, car etc. Because Ashok Leyland is a commercial vehicle manufacturer and manufacturing trucks for heavy load. Ashok Leyland is group company of Hinduja Group. It’s headquarter situated in Chennai. We are going to understand in this blog Ashok Leyland share price target 2030 with the help of Fundamental and Technical Analysis.

This company is 2nd largest manufacturer of Medium and Heavy commercial vehicle. This company spread it’s outlet and reached to 907 primary touch-point. Revenue mix FY 22 commercial vehicle 88% and 12% from financial services.

Ashok Leyland Fundamental Analysis:

As per Fundamental details available Ashok Leyland Stock PE is trading at high price as compare to Industry PE. Debt are high of the company as 4.53 is high in the industry. Company current ratio are also low as compare to benchmark which is approx. 1.5. ROE and ROCE are decent.

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Ashok Leyland Share Technical Analysis:

Ashok Leyland Share Prices are highly fluctuate in last 9 months it increased from Rs.180 to Rs.264. Now it is trading at Rs.245. It is expected to increase in future and having a good profitability.

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Ashok Leyland Share Price Target 2030

Disclaimer:We are not registered with SEBI and not giving any tips or recommendation. This is only for knowledge purpose. Please advise with you financial advisor before taking any IPO or stocks.

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