Despite the recent recovery, Ashok Leyland stock remains approximately 25% below its 52-week high of ₹215.42, recorded on February 11, 2026. | Photo Credit: Pankaj Nangia

Shares of Ashok Leyland Limited edged lower on Thursday morning, trading at ₹171.66, down 0.48 per cent from the previous close of ₹172.48, as of 11.56 am. The mild pullback follows a sharp 12.7 per cent single-day surge on Wednesday — the stock’s biggest single-day gain since September 2020 — which had pushed intraday highs to ₹172.4.

The stock opened at ₹172.80 on Thursday, touching a high of ₹174.75 and a low of ₹169.93 during the session. Trading activity remains elevated, with over 1.80 crore shares changing hands, valued at ₹309.86 crore. Sell orders currently outweigh buy orders, with 57.46 per cent on the sell side against 42.54 per cent on the buy side.

Wednesday’s rally extended gains for a third consecutive session, partially recovering losses the stock had accumulated after March sales data disappointed. Ashok Leyland’s overall vehicle sales rose 5 per cent year-on-year to 25,381 units in March, below market estimates. While M&HCV truck sales grew 11 per cent to 14,470 units, bus sales fell 24 per cent to 3,048 units. Growth in both the truck and light commercial vehicle segments came in well below their three-month averages of 37 per cent and 25 per cent, respectively.

Despite the recent recovery, the stock remains approximately 25 per cent below its 52-week high of ₹215.42, recorded on February 11, 2026. It has declined 8.18 per cent over the past month, though it has gained 67.73 per cent over the past year. The stock’s 52-week low stands at ₹99.00, hit just a day prior on April 8, 2025.

Ashok Leyland carries a total market capitalisation of ₹1,00,830.59 crore and trades at a P/E of 28.48 on the NSE.

Published on April 9, 2026