India's Ashok Leyland hits over 4-month low as March sales disappoint

Ashok Leyland

01/04/2026 11:09

** Shares of Ashok Leyland ASOK.NS fall 3.7% to 148.4 rupees, lowest since late-Nov

** ASOK one of two stocks to close in the red among Nifty Auto .NIFTYAUTO constituents; the index is up 1.9%

** Automobile maker sold 25,381 units in March 2026 vs 24,060 units a yr earlier

** Sales are, however, below estimates of Jefferies and Anand Rathi Research analysts

** Above 83.8 mln shares traded, over 4x the 30-day avg

** Stock rated "buy" on avg; median PT 202.5 rupees - data compiled by LSEG

** Stock down 16.6% YTD vs a 14% decline in Nifty Auto

 (Reporting by Aleef Jahan in Bengaluru)

 ((aleefjahan.cs@thomsonreuters.com))