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Ashok Leyland Expands Manufacturing and Maintains Bullish Stock Outlook

DEFENSE

Ashok Leyland is expanding its manufacturing capabilities and maintaining a positive stock outlook, bolstered by strong demand in the commercial vehicle, bus, and defense sectors. The company, which operates nine facilities globally and emphasizes electric vehicles and exports, is technically positioned in a bullish trend, with a recommendation to buy its stock in the ₹185-188 range, targeting ₹225-230.

Ashok Leyland Expands Manufacturing and Maintains Bullish Stock Outlook
Jan 24, 2026, 10:06 PM

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