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Ashok Leyland rebounds, selected as September “monthly choice” stock
The auto maker is down 5% over one month but up 20% over three months, with analysts pointing to a rebound near ₹140 and a stop-loss around ₹160.
Ashok Leyland shares are showing mixed performance across timeframes, with the stock declining 5% over the past month but gaining 20% in the last three months, according to LiveMint Markets. Over longer horizons, the commercial vehicle maker is down 13% over six months, up 23% over one year, and has delivered multibagger returns of 178% over five years.
At ₹169.90 per share, the stock is about 21% below its 52-week high of ₹215.35 and about 29% above its 52-week low of ₹131.25. LiveMint Markets notes that the 52-week low was touched in September 2025, while the 52-week high was hit in February 2026.
Choice Broking picked Ashok Leyland as its monthly pick for September, citing signs the technical picture is improving. The firm pointed to a rebound from an important demand zone near the ₹140 level, with the stock holding above key moving averages.
According to Sumeet Bagadia of Choice Broking, the price is holding firmly above its key 20-week and 50-week exponential moving averages, and the weekly relative strength index has reclaimed the 50 level, currently around 53.9. For positional trades, Bagadia said ₹160 should be considered the key stop-loss level, aligning with the 50-week EMAs.