Ashok Leyland share price hits 52-week high after strong Q2 results and dividend announcement — Should you buy, sell or hold?

Ashok Leyland Share Price: Ashok Leyland shares jumped nearly 5 per cent on Wednesday to hit a 52-week high of Rs 150.60, following the release of its September quarter results and an interim dividend announcement.

The stock was last seen trading at Rs 149.45, up 4.99 per cent on the BSE.

Ashok Leyland Q2FY26 Results

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Commercial vehicle maker Ashok Leyland reported a 7 per cent year-on-year rise in consolidated net profit to Rs 820 crore for the quarter ended September 30, 2025.

The company had posted a profit of Rs 767 crore in the same period last year.

Revenue from operations increased to Rs 12,577 crore, up from Rs 11,142 crore a year ago, reflecting robust growth across all segments.

On a standalone basis, the company posted its highest-ever quarterly net profit of Rs 771 crore, marginally higher than Rs 770 crore recorded in Q2FY25.

The company noted that both the medium and heavy commercial vehicle (MHCV) and light commercial vehicle (LCV) segments witnessed healthy demand during the quarter.

MHCV volumes rose 3 per cent year-on-year to 26,307 units, while LCV volumes were up 6 per cent at 17,697 units. Export volumes also improved sharply by 45 per cent to 4,784 units.

Ashok Leyland Dividend

The company’s board has recommended an interim dividend of Rs 1 per share for FY26.

Ashok Leyland Dividend Record Date

The record date for the purpose of determining the members eligible to receive the interim dividend is Tuesday, November 18, 2025. The said interim dividend would be paid on or before December 11, 2025.

Ashok Leyland Share Price Target

Brokerages maintained a largely positive tone after the Q2 results, with several raising their target prices. CLSA maintained an “Accumulate” rating, raising the target price to Rs 180 from Rs 136.

Morgan Stanley retained an “Overweight” call with a target of Rs 162 (from Rs 152), citing supportive valuations and expectations of margin improvement driven by stronger exports.

Citi maintained a “Buy” rating, raising its target to Rs 165 from Rs 155.

JP Morgan and Goldman Sachs kept “Neutral” ratings with targets of Rs 155 and Rs 145, respectively.

Jefferies and HSBC maintained “Hold” calls with target prices of Rs 135 and Rs 145, noting steady growth but limited valuation comfort.