Ashok Leyland Surges 13% in a Week, Boosted by Strong Sales and Positive Market Sentiment

Ashok Leyland shares have rallied 13% in the past week, outperforming the broader market as expectations of improved commercial vehicle (CV) volumes gain momentum. The stock surged 3% on December 2, hitting a new high of ₹164.50, following strong sales growth in November 2025. The rally comes on the back of expectations of GST rationalisation and a pick up in government capital expenditure, which are anticipated to drive positive YoY growth in FY26