While no specific trigger was known at the time of filing this story, the company, on its official Twitter handle, announced a partnership with OKARA Roadlines.
“We’re proud to partner with OKARA Roadlines, Delhi, as they expand their fleet with our best-in-class transport solutions. Here’s to continued success and many more miles together,” the tweet said.
Ashok Leyland also recently announced the record date for its 1:1 bonus share issue. It has fixed July 16 as the record date to determine eligible shareholders.
The company further stated that the deemed allotment date for the bonus shares is July 17, 2025, and trading in these shares will commence on Friday, July 18, 2025.
“We wish to inform you that the Allotment Committee has fixed Wednesday, July 16, 2025, as the record date for determining eligible shareholders for allotment of Bonus Shares. Further, in accordance with the SEBI circular dated September 16, 2024, the deemed date of allotment of Bonus Shares shall be Thursday, July 17, 2025, and these Bonus Shares will be made available for trading on the next working day of allotment, i.e. Friday, July 18, 2025,” the company said in its filing dated July 9.Brokerage firm Angel One earlier this month gave a “Buy” rating on the stock, picking it as its techno-funda bet. The stock was recommended at a price of Rs 252 with a target of Rs 295, implying a 17% upside from the recommended level.”The Indian CV market is undergoing a structural recovery driven by government capex, rising freight demand, and fleet replacement, with growth expected across MHCV, LCV, and buses in FY26. Additionally, electrification is accelerating, supported by strong STU demand and a policy push, including the planned deployment of over 1,000 electric buses in Delhi,” Angel One said.
“Ashok Leyland plans Rs 1,000 crore in capex and Rs 500–750 crore in subsidiary investments in FY26, with a focus on EVs and alternative fuels. The defence business is expected to double in 2–3 years, supported by a financing tie-up with ESAF Bank and a strong order pipeline,” it added.
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