Ashok Leyland News Today: Beneficiary of CV Upcycle Boosts Stock on 22

Ashok Leyland, a prominent player in India’s commercial vehicle industry, has experienced a boost in its stock price as the market anticipates a favorable upcycle in commercial vehicles. This uptick follows Nomura’s recent analysis, which positions Ashok Leyland as a key beneficiary of this movement. With the target price set at ₹196, the share price has risen by 2% today, catching the attention of investors seeking growth in the Indian automotive sector.