Ashok Leyland shares just smashed their all-time high at ₹154.65 on November 27, 2025, breaking free from the 52-week ceiling amid booming truck and bus demand.�� This surge feels like a truck roaring down an open highway – fueled by strong Q2 results, with revenue jumping 9% to ₹9,588 crore and volumes up across MHCV (3%), LCV (6%), and exports soaring 45%.�� Investors are cheering as the stock outperforms the market, trading above all key moving averages with solid EBITDA margins at 12%.
The story started back in 1948, when freedom fighter Raghunandan Saran, inspired by Nehru, launched Ashok Motors in Madras to build Austin cars – named after his son Ashok.�� By 1954, it teamed up with British Leyland, becoming Ashok Leyland, India's truck king under the Hinduja Group's wing today.�� From assembling cars to leading in buses and heavy vehicles, it's grown into a Chennai giant exporting to 50+ countries, now pushing electric buses too.
What's driving this breakout?
Robust November sales, premium products, and infra boom have lit the fire, despite some pledged promoter shares. Q2 net profit held steady at ₹771 crore, with over 30% MHCV market share – a sign of real muscle in commercial vehicles.
Looking ahead, expect steady climbs if demand holds. Targets hover around ₹240-₹420 by 2026 end, ₹380-₹1,030 by 2030, potentially ₹1,100+ by 2035, and bolder ₹2,000+ by 2040 on EV growth and exports – but watch cycles and macros.
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