prices have taken strong support near the trendline

ASHOKLEY The major trigger behind the rally is strong October 2026 sales, with total vehicle sales, including exports, increasing 23% YoY to 21,888 units from 17,820 units last year. Domestic sales grew 24% to 20,224 units, while medium and heavy commercial vehicle sales increased 28% to 13,927 units. This reflects healthy commercial vehicle demand and positive business momentum. The company has scheduled its Q2 FY27 results for November 14, 2026, which will be an important upcoming catalyst. Investors should monitor revenue growth, profit margins and management commentary, particularly because input-cost pressures remain a concern. Overall, improving sales volumes and strong technical recovery are positive, but after the sharp rally, some profit booking may occur