Ashok Leyland Ltd Share Price – NSE /  BSE

Automobile, Mid Cap

The key equity benchmarks remained under heavy selling pressure in afternoon trade after U.S. President Donald Trump rejected Iran?s response to a U.S. peace proposal, heightening concerns over a prolonged conflict in the Persian Gulf. Concerns over a prolonged Gulf conflict pushed Brent crude above $100 a barrel, while the rupee slipped close to the 95-per-dollar mark. Domestic sentiment also remained fragile after Prime Minister Narendra Modi urged citizens to conserve fuel and avoid non-essential imports such as gold. The Nifty slipped below 23,950 mark.

The auto shares witnessed selling pressure for the second consecutive trading session.

At 12:25 IST, the barometer index, the S&P BSE Sensex tumbled 879.15 points or 1.14% to 76,448.11. The Nifty 50 index declined 239 points or 0.99% to 23,937.50.

The broader market outperformed the frontline indices. The BSE 150 MidCap Index dropped 0.92% and the BSE 250 SmallCap Index fell 0.66%.

The market breadth was strong. On the BSE, 2,666 shares rose and 1,480 shares fell. A total of 220 shares were unchanged.

In the commodities market, Brent crude for June 2026 settlement added $3.42 or 3.38% to $104.71 a barrel.

In the foreign exchange market, the rupee declined against the dollar. The partially convertible rupee was hovering at 95.1600 compared with its close of 93.5100 during the previous trading session.

PM Modi Urges Austerity Amid Energy Crisis:

Amid elevated crude oil prices and the ongoing U.S.-Iran conflict, Prime Minister Narendra Modi urged citizens to adopt austerity measures, including reducing petrol and diesel consumption, avoiding non-essential gold purchases and foreign travel, and promoting the use of locally manufactured products. He also advocated greater use of public transport, EVs, work-from-home practices, and domestic tourism to conserve foreign exchange reserves and strengthen India?s economic resilience.

The Prime Minister also called for reduced edible oil consumption and lower dependence on chemical fertilizers, while encouraging natural farming and wider adoption of solar-powered irrigation systems. Stressing the importance of the ?Vocal for Local? initiative, Modi said increasing the use of indigenous products was essential to reduce import dependence and safeguard national interests amid global economic disruptions.

Derivatives:

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 8.40% to 18.26. The Nifty 26 May 2026 futures were trading at 23,975, at a premium of 37.5 points as compared with the spot at 23,937.50

The Nifty option chain for the 26 May 2026 expiry showed a maximum call OI of 56.3 lakh contracts at the 25,000 strike price. A maximum put OI of 38.4 lakh contracts was seen at the 23,000 strike price.

Buzzing Index:

The Nifty Auto index declined 1.54% to 26,840.65. The index fell 1.83% in the two consecutive trading sessions.

Ashok Leyland (down 3.35%), Mahindra & Mahindra (down 2.51%), Bosch (down 2.12%), Exide Industries (down 2.1%), Tata Motors Passenger Vehicles (down 2.07%), Tube Investments of India (down 1.87%), Eicher Motors (down 1.4%), TVS Motor Company (down 1.23%), Hero MotoCorp (down 1.21%) and Maruti Suzuki India (down 1.04%) advanced.

Stocks in Spotlight:

Kewal Kiran Clothing declined 3.15%. The company has reported 14.2% rise in net profit to Rs 34.5 crore on a 12.4% rise in revenue from operations to Rs 323.8 crore in Q4 FY26 as compared with Q4 FY25.

Aarti Surfactants dropped 10.42% after the company?s consolidated net profit tumbled 56.89% to Rs 4.19 crore in Q4 FY26 from Rs 9.72 crore in Q4 FY25. Revenue from operations jumped 26.83% YoY to Rs 256.28 crore in the quarter ended 31 March 2026.

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Total medium & heavy commercial vehicle (M&HCV) sales jumped 4% YoY to 8,302 units in April 2026, while light commercial vehicle (LCV) sales climbed 16% YoY to 6,344 units in April 2026.

In the domestic market, total vehicle sales increased 14% YoY to 14,242 units in April 2026, compared with 12,509 units in April 2025. Domestic M&HCV sales rose 8% YoY to 7,977 units, while LCV sales climbed 23% YoY to 6,265 units.

Ashok Leyland is involved in the manufacture and sale of a broad range of commercial vehicles and also makes engines for industrial and marine applications, as well as forgings and castings.

The company?s consolidated net profit increased 6.8% YoY to Rs 813.49 crore in Q3 FY26 compared with Rs 761.92 crore in Q3 FY25. Net sales jumped 23.6% to Rs 14,761.95 crore in the quarter ended 31st December 2025.

The scrip rose 0.03% to Rs 162.15 on the BSE.

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Ashok Leyland reported total sales of 14,646 units in month of April 2026 compared to 13,421 units in April 2025, recording a growth of 9%.

Total sales include domestic sales of 14,242 units (up 14% YoY).

Ashok Leyland Ltd is down for a fifth straight session today. The stock is quoting at Rs 166.56, down 0.57% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 1.36% on the day, quoting at 24320.85. The Sensex is at 77922.32, up 1.35%.Ashok Leyland Ltd has added around 8.06% in last one month.Meanwhile, Nifty Auto index of which Ashok Leyland Ltd is a constituent, has increased around 10.8% in last one month and is currently quoting at 25790.35, up 2.12% on the day. The volume in the stock stood at 116.61 lakh shares today, compared to the daily average of 314.76 lakh shares in last one month.

The benchmark May futures contract for the stock is quoting at Rs 166.62, down 0.49% on the day. Ashok Leyland Ltd jumped 47.84% in last one year as compared to a 0.05% slide in NIFTY and a 18.06% spurt in the Nifty Auto index.

The PE of the stock is 26.76 based on TTM earnings ending December 25.

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