“Ashok Leyland – मज़बूत ग्रोथ और दमदार नतीजों के दम पर, क्या 150 का गियर अब हो जाएगा पार?”

Key Technical Levels: Support: ₹138 – ₹134 Resistance: ₹150 – ₹154 – ₹160 Short-Term Trend: Bullish If Breaks Above ₹150: Upside target ₹155–₹160 possible If Falls Below ₹138: Weakness may emerge toward ₹132–₹130

Technical View Summary: Ashok Leyland is in a bullish setup ahead of results, and price action suggests potential continuation if earnings meet or exceed expectations. Business Strengths: Market Leadership: Strong position in MHCV and buses EV & Alternate Fuel Expansion: Through subsidiary Switch Mobility Export Growth: Expanding footprint in Africa, Middle East & ASEAN Consistent Dividend Track Record: Indicates strong cash flow Challenges: Cyclical nature of the CV industry Dependence on government infra spending Rising input costs (steel, rubber) impacting margins News & Events Impact Switch Mobility Expansion: Company recently showcased new electric bus models; positive for long-term EV prospects. Infra & Mining Boost: Ongoing government CAPEX in roads, logistics & mining supports demand for heavy vehicles. FII Interest: Renewed foreign buying seen in auto sector after strong industry growth data. Will the Rally Sustain? Yes — today’s move near ₹146 shows strong pre-result optimism. If the company delivers above-expected results and guidance, the stock can cross ₹150–₹155 levels in the short term. However, if results are only “in-line” or guidance turns cautious, mild profit booking can emerge around ₹150. Important Points to Watch Management’s guidance for FY25 margins & sales volume New EV product launches under Switch Mobility Order book visibility from government tenders Update on upcoming BS-VII emission norms