Ashok Leyland Share Price Update
Ashok Leyland Limited has gained attention following a robust financial performance. The company’s consolidated net profit surged by 34.64% year-on-year to Rs 766.55 crore for the second quarter ending March 2018. In the July-September quarter of 2023-24, the net profit stood at Rs 569.31 crore.
Dividend Announcement
The Board of Directors has proposed an interim dividend of Rs 1 per share for the fiscal year 2024-25. The record date for this dividend is set for November 19, 2024, with payments expected by December 7, 2024. On October 8, the stock traded 2.79% higher at Rs 221.93.
Current Stock Performance
On November 8, 2024, Ashok Leyland shares opened at Rs 215.90. The stock recorded a high of Rs 215.94 and a low of Rs 210.87. Over the past year, shares have yielded a return of 30.24%, with an impressive 189.92% return over the last five years.
Analysts’ Recommendations
Market analysts remain bullish on Ashok Leyland, recommending a BUY rating. With positive quarterly results, experts predict potential returns exceeding 50% for investors.
Disclaimer
Investing in the stock market involves risks. Always consult a financial advisor before making investment decisions.
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Summary at glance
Ashok Leyland Limited (NSE: ASHOKLEY) reported a 34.64% year-on-year increase in consolidated profit, totaling Rs 766.55 crore for the second quarter of March 2018, and a net profit of Rs 569.31 crore for July-September 2023-24. The company announced an interim dividend of Rs 1 per share, with a record date of November 19, 2024. Currently, the stock is trading higher, with analysts recommending a buy, anticipating over 50% returns for investors.
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