Ashok Leyland In Focus: Record Date & Allotment Date Confirmed For 1:1 Bonus Shares; Buy The Stock Today?

After the Board of Directors announced the record date for 1:1 bonus shares on Wednesday, Ashok Leyland, a significant Indian commercial vehicle manufacturer and member of the Hinduja Group, will be the subject of attention today. ASHOK LEYLAND LTD is presently trading at about Rs 251 and is still in a strong broad uptrend, making higher highs and higher lows on a daily basis. Here's how to set up your trade today to hold the stock by the record date to be eligible for the bonus shares.

Ashok Leyland Bonus Shares

"This is further to our intimation dated July 7, 2025, informing the Shareholders approval for issue of Bonus Shares in the ratio of 1:1 i.e. 1 (One) new fully paid-up Equity Shares of Rs 1/- each for every 1 (One) existing fully paid-up Equity Share of the Company. In this regard, we wish to inform that the Allotment Committee has fixed Wednesday, July 16, 2025, as the record date for determining the eligible shareholders for allotment of Bonus Shares. Further, in accordance with SEBI circular dated September 16, 2024, the deemed date of allotment of Bonus Shares shall be Thursday, July 17, 2025, and these Bonus Shares will be made available for trading on the next working day of allotment i.e. Friday, July 18, 2025," said Ashok Leyland in a stock exchange filing on Wednesday, 9th July.

Ashok Leyland Q1FY26 Business Update

According to sales data given by Ashok Leyland Limited for the quarter ended in June 2025 or Q1FY26, the company sold 14,184 domestic vehicles in June 2025, a decline of one per cent from 14,261 units sold in June 2024. Sales of Medium and Heavy Commercial Vehicle (M&HCV) trucks fell 12% YoY to 6,554 units, while sales of M&HCV buses climbed 42% to 2,315 units. Sales of light commercial vehicles, or LCVs, increased slightly by 2% to 5,315 units.

On a combined domestic and export basis, Ashok Leyland recorded a 3% year-on-year growth in total sales for June 2025, reaching 15,333 units versus 14,940 units in June 2024. Interestingly, M&HCV truck exports fell 11%, whereas bus exports climbed to a strong 56%. The cumulative total vehicle sales for FY2025 up to June stood at 44,238 units, reflecting a marginal 1% increase over the same period last year.

Ashok Leyland Share Price Target 1

"ASHOK LEYLAND LTD is currently trading around ₹250.90 and remains in a strong overall uptrend, consistently forming higher highs and higher lows on the daily timeframe-indicating a well-established bullish structure. The stock recently witnessed a minor pullback toward its immediate support zone, which was met with renewed buying interest, signaling a potential reversal from lower levels," commented Hardik Matalia - Derivative Analyst at Choice Broking.

"The Relative Strength Index (RSI) is placed at 67.90 and, after cooling off from overbought levels, is now showing signs of strength with a reversal on the upside, supporting the bullish bias. Moreover, ASHOKLEY is comfortably trading above all its key short-, medium-, and long-term moving averages, reinforcing the strength of the ongoing uptrend," the analyst added.

"A decisive move above ₹255 could further validate the bullish setup and open the path for a continuation of the upward trajectory, with the potential to test its record highs in the near term. Short-term traders can consider buying at current levels, and may also look for fresh long opportunities on a breakout above ₹255, aiming for immediate short-term targets in the ₹265-₹275 range," Hardik Matalia stated.

"Long-term investors who are already holding the stock can continue to hold, as long as it remains above the crucial support level of ₹230, which has acted as a strong base in recent corrections. The broader outlook remains positive as long as the stock sustains above this level," Hardik Matalia further recommended.

Ashok Leyland Target Price 2

"Ashok Leyland remains in a steady uptrend, having recently bounced from its support zone near ₹240. The next resistance is at ₹260, and a breakout could push the stock toward ₹275. Support is well placed at ₹240, and the structure remains strong as long as it holds above that. Traders can consider buying on dips, keeping a stop-loss below ₹238," commented Riyank Arora, technical analyst at Mehta Equities Ltd.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.