GENERAL8 Sept 2026
Ashok Leyland shares demonstrate renewed strength, becomes 'Monthly Choice' stock; check target price, stop-loss
Choice Broking has picked Ashok Leyland as its monthly stock for September. The stock is rebounding from a demand zone near ₹140 and trades about ₹169.90. Shares remain about 21% below their 52-week high of ₹215.35. The brokerage suggests buying around ₹172.24, targeting ₹196 with a stop-loss at ₹160. For the June quarter, profit rose 2.3% to ₹609 crore and revenue climbed 10.4% to ₹9,634 crore.
Key Statutory Highlights
- Choice Broking has selected Ashok Leyland as its monthly stock pick for September.
- The brokerage suggests buying around ₹172.24, with a target of ₹196 and a stop-loss of ₹160.
- Ashok Leyland's June-quarter profit rose 2.3% to ₹609 crore, while revenue grew 10.4% to ₹9,634 crore.
Actionable Advice for Taxpayers / Founders:If you are considering trading Ashok Leyland, watch whether the stock stays above ₹160 before taking a position, and treat the brokerage target as an opinion, not a guarantee.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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