24 Sep 2025 | 3 Mins Read
Goldman downgrades Ashok Leyland on limited upside, impacting shares
Flipitmoney
Ashok Leyland shares opened 2-3% lower on a Goldman Sachs downgrade to 'Neutral' with a ₹140 target. The brokerage cites limited upside after the stock's recent rally and expects car volume growth to outpace commercial vehicle growth. 33 analysts have a 'Buy' rating, 7 a 'Hold', and 4 a 'Sell' on the stock.