10/7/2025, 11:04:02 am

Ashok Leyland up 2% as record date set for 1:1 bonus issue

Ashok Leyland shares rose nearly 2% to Rs 254.80 after announcing a 1:1 bonus share issue with a record date of July 16, 2025. The company reported a 38% YoY increase in Q4 net profit to Rs 1,246 crore and a 6% rise in revenue. Analysts have a 'Buy' consensus with a target price of Rs 268, indicating a 6% upside.