Ashok Leyland shares fall 2% after Q4 results. Do Goldman Sachs, Morgan Stanley see any upside?

May 29, 2026

Ashok Leyland’s shares dipped 2% despite a 14% YoY rise in net profit to Rs 1,291 crore for Q4 FY26. Revenue grew over 17% to Rs 17,246 crore. Analysts remain cautious, citing diesel price hikes and commodity inflation as headwinds, with mixed target price adjustments.

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