Indian passenger vehicle manufacturers have reported weaker wholesale figures for July as demand continues to cool off. The Society of Indian Automobile Manufacturers (SIAM) had earlier forecasted PV growth for FY25 to be below 5%, citing increased competition and excess supply as major challenges. Although Q1 2024 saw record-breaking sales, […]
Ashok Leyland
Stock Market today: Ashok Leyland Share price gained more than 6% in morning trades on Friday to 52 week highs. Ashok Leyland share price that opened at ₹235.10 on Friday on the NSE, slightly higher than previous close of ₹232.43 , however gained further steam thereafter. Ashok Leyland share price […]
The commercial vehicle (CV) manufacturer Ashok Leyland reported a net profit ₹933.69 crore in the fourth quarter of FY24, registering a 16.73% growth from ₹800 crore in the year-ago quarter, led by strong demand. The Hinduja Group’s flagship company reported consolidated revenue from operations of ₹13,577.58 crore in Q4FY24 as […]
In the second special trading session, the 30-share BSE Sensex concluded at 74,005.94, marking a gain of 88.91 points, or 0.12%. Meanwhile, the NSE Nifty 50 surged to 22,502.00, indicating an increase of 35.90 points, or 0.16%. Across the broader market spectrum, the Nifty Midcap 100 saw a 0.51% uptick, […]
However, domestic brokerage firm Motilal Oswal anticipates that the auto industry will likely take a breather in FY25, following the strong demand seen over the past two years. The firm expects two-wheelers, passenger vehicles, and commercial vehicles to post a CAGR of 9%, 6%, and 6%, respectively, from FY24 to […]
Stock Market Today: Ashok Leyland share price scaled 52-week highs of ₹207.45 on the NSE on Thursday before closing at ₹206.70 levels. Ashok Leyland share price has gained more than 28% since March Lows. Ashok Leyland share price remains momentum pick of Axis Securities who expects more than 12% gains […]