Ashok Leyland Nears ₹1 Trillion Market Cap After 16% Jump: What’s Fueling the Rise?

Ashok Leyland share price (NSE: ASHOKLEY) touched a new record of ₹164.75 after a 3% rise in intraday trade, extending Thursday’s gains. Over the past month, the stock has climbed 16%, far outperforming the Sensex’s 0.82% rise. This strong run has pushed the company’s market cap close to the ₹1 trillion mark.

Why Ashok Leyland Is Outperforming? 

The company expects strong growth in the second half of FY26, supported by a GST rate cut and improving sentiment in both the medium and heavy commercial vehicle (MHCV) and light commercial vehicle (LCV) markets.

Demand is expected to pick up after the monsoon season, led by higher movement in mining, construction, and logistics. Stable freight rates, better profitability for operators, and rising infrastructure spending are also boosting confidence.

Also Read: Best Gold Mutual Funds in India for Dec 2025!

Industry Outlook Strengthens

The commercial vehicle (CV) sector expects healthy growth in FY26 due to a strong economic environment and lower interest rates. Better rural demand, improving urban consumption, and higher government spending on infrastructure are expected to support continued growth.

Conclusion

Ashok Leyland’s strong rally reflects rising demand, better industry sentiment, and confidence in long-term growth. 

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