Ashok Leyland Declares Rs 4.25 Interim Dividend, Eyes Rs 255+ After Breakout; What Traders Should Do?

At its meeting on Friday, May 16, Ashok Leyland's Board of Directors announced the second interim dividend for the fiscal year that ended on March 31, 2025. The Hinduja Group's primary company in India and a major producer of commercial vehicles worldwide is Ashok Leyland Limited. With a market valuation of Rs 69,713.16 Cr, Ashok Leyland's shares closed 0.75% down on the BSE on Friday at Rs 237.40 apiece.

Ashok Leyland Dividend

"The Board of Directors of the Company, at their meeting held today, have declared Second Interim Dividend of Rs. 4.25 per equity share of Re. 1/- each, for the financial year ended March 31, 2025. The said second interim dividend, would be paid, on or before June 14, 2025. Further, as intimated vide letter dated May 13, 2025, the Record date for the purpose of determining the Members eligible to receive Second Interim Dividend is Thursday, May 22, 2025," said Ashok Leyland in a stock exchange filing on Friday.

"This dividend decision reflects the company's strong operational performance and robust financial position. This also reinforces Ashok Leyland's ongoing commitment to enhancing shareholder value and returns. The second interim dividend will be paid to eligible shareholders on or before June 14, 2025," Ashok Leyland informed stock exchanges on Saturday, 17th May.

On a face value of Re. 1, the company has so far declared a total interim dividend for FY25 of 625%, or Rs. 6.25 per share.

Ashok Leyland Q4 Result Date

The company's board of directors will meet on Friday, May 23, 2025, to review and approve the company's standalone and consolidated audited financial results for the quarter and year ending March 31, 2025.

Ashok Leyland Share Price Target

Hardik Matalia - Derivative Analyst at Choice Broking said, "ASHOKLEY is currently trading at ₹237.33 and has recently witnessed a strong breakout from a Descending Triangle pattern on the daily timeframe. This breakout indicates a bullish reversal and reflects a positive shift in market sentiment. The breakout was followed by a successful retest of the breakout zone, which further confirms the strength of the pattern and reinforces the bullish structure. Post-retest, the stock has gained strong upward momentum, signaling active buying interest and the possibility of further upside."

"The stock is facing a minor hurdle around the ₹241 level. A decisive and sustained move above this mark could trigger fresh buying momentum and potentially extend the ongoing rally. On the technical front, ASHOKLEY is comfortably trading above its key moving averages - the 20-day, 50-day, and 200-day EMAs - which suggests an improving trend across all timeframes. The Relative Strength Index (RSI) is currently placed at 63.78 and continues to move upwards, although some sideways to bullish consolidation cannot be ruled out in the near term," the analyst added.

" If ASHOKLEY sustains above ₹240, the stock has the potential to rally towards the ₹255-₹265 zone. A hold above this range would validate the breakout and attract further participation, confirming trend continuation in the medium term. Short-term traders can look to enter on dips near ₹230 or on a sustained move above ₹241, with a stop loss at ₹220 on a closing basis. Investors may consider partial accumulation at current levels and add more on dips. Existing holders can continue to hold with a view of trend continuation, while a break below ₹220 may warrant partial profit booking and re-entry on further declines," Hardik Matalia further recommended.

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.