Axis Securities selects Ashok Leyland as its top pick of the week; here's why

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Axis Securities picks Ashok Leyland as top pick of the week due to strong EV business and higher EBITDA margins. Target price of  <span class='webrupee'>₹</span>205.

Ashok Leyland's shares rally over 6% following positive business outlook; Brokerages maintain a 'buy' call

Ashok Leyland is developing autonomous electric terminal trucks for the port industry to achieve net zero emissions goals. They aim to capture 35% market share in the intermediate commercial vehicle segment.

13 out of 15 Nifty Auto companies delivered growth in net profit in March quarter; details here

Tata Motors achieved record revenue, posting a net profit of  <span class='webrupee'>₹</span>5,408 crore in Q4. Maruti Suzuki's consolidated net profit jumped by 42% YoY, while Mahindra &amp; Mahindra reported an 18% increase in profit.

Ashok Leyland vs M&amp;M: Which auto stock is a better long-term investment?

Stocks

The auto sector has been in a recovery mode in the last one year on the back of rising consumer demand, easing of chip-shortage issues, etc. Amid this backdrop, let's analyse, between Ashok Leyland (AL) and Mahindra &amp; Mahindra (M&amp;M), which automaker provides better opportunities for the long term?

Ashok Leyland vs M&M: Which auto stock is a better long-term investment?

Looking for midcaps? MOSL lists 6 stock picks for May

Despite global concerns, the domestic market structure remains positive amid healthy macro data, earnings, recent FIIs buying and fair valuations. Thus, investors should buy on dips as growth at reasonable valuations will continue to be the theme, advised MOSL. Here are its top midcap picks for May:

April Auto Sales: PVs see solid growth while 2Ws, CVs fall; which stocks should you buy now?

The month of April was a mixed bag for the auto companies. While growth momentum in passenger vehicles (PVs) continued, commercial vehicles (CVs) saw a sharp fall. On a YoY basis, 2-wheelers (2Ws) have also shown weak performance.

Auto sector: Jefferies says valuation attractive for most stocks; prefers TVS, Tata Motors and Sona BLW

Jefferies sees a healthy 11-18 percent volume CAGR for passenger vehicles (PVs), two-wheelers (2Ws) and trucks over FY23-25E, with 2W growth outpacing four-wheelers (4Ws).

Auto Q4FY23 Preview: Improved product mix, moderation in RM costs likely to drive margin growth

Axis Securities has identified several top picks for the long-term horizon based on key rationale. These include Maruti Suzuki in the PV space, Ashok Leyland in the CV segment, Uno Minda in the auto ancillary space. 

Stocks to buy: Axis Securities lists 9 top mid, small-cap picks for April with up to 61% potential upside

Axis Securities sees value stocks outperforming in H1CY23 led by the pickup in credit growth &amp; recovery in domestic-cyclical stocks. It believes midcaps are in a sweet spot, however, smallcaps are a bottom-up play before a broad-based recovery.

Ashok Leyland total sales rise 34% to 14,863 units in October 2022

The company had sold 11,079 units in the same month last year, Ashok Leyland said in a statement.

Top Ashok Leyland News

markets

Axis Securities selects Ashok Leyland as its top pick of the week; here's why

markets

Ashok Leyland's shares rally over 6% following positive business outlook; Brokerages maintain a 'buy' call

markets

13 out of 15 Nifty Auto companies delivered growth in net profit in March quarter; details here

markets

Ashok Leyland vs M&M: Which auto stock is a better long-term investment?