Ashok Leyland shares hit a record high, brokerages point to second-half recovery
Heavy Commercial Vehicles manufacturer Ashok Leyland’s shares rallied 6% on Monday to hit a record high of ₹222.85. This was after the company’s fourth quarter performance was a beat, driven by improved mix and cost-control measures. This resulted in an EBITDA margin expansion of 14.1%. The street is bullish. Here’s a look at Ashok Leyland’s …