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Informist, Thursday, Nov. 13, 2025

By Anjana Therese Antony

MUMBAI – More bullish bets were added to the options chain of Ashok Leyland after the company reported slightly higher-than-expected earnings for the September quarter. The company also said it plans to increase its exports over the next two years and is optimistic about the second half of the financial year 2025-26 (Apr-Mar). 

"AL (Ashok Leyland) continues to report better profitability led by a favourable mix, better pricing, and higher cost efficiencies. Fleet utilisation is holding up well," ICICI Securities said in its post-earnings report. Strong traction in exports, defence, and aftermarket spares continues to support profitable growth, the broking firm said.

The stock hit a record high of INR 151.46 Thursday on the National Stock Exchange and closed almost 6% higher at INR 150.41, gaining over INR 46 billion in market capitalisation. The near-term resistance for the stock is pegged at INR 155-INR 160 and the resistance at INR 145-INR 135. Almost 54 million shares of the company changed hands on the bourse Thursday, more than four times the one-month daily average volume of 12 million shares.

Premiums on out-of-the money call options at INR 155-INR 166 strike prices expiring this month increased 144-198% while those on put contracts at INR 145-INR 126 strikes declined 56-76%. The highest addition of open interest was at INR 155 call and INR 145 put. The maximum concentration of open interest was at INR 150 call and INR 140 put.

For the September quarter, the company reported a net profit of INR 7.71 billion on a revenue of INR 95.88 billion. The company said it plans to raise its exports to 25,000 units per annum over the next 2-3 years, up from a projected 18,000 units in FY26.

The company's sales volume is seen rising at a compounded annual growth rate of 8% over FY26-FY27, driven by a cut in goods and services tax, favourable macroeconomic conditions, new product launches, and expanding touchpoints, JM Financial Services said in its report. "Margins are expected to benefit from an increasing share of high-margin non-MHCV (non-medium-heavy commercial vehicles), disciplined cost control, and export segments," it said. The company's operating margin for the reporting quarter increased to 12.12% from 11.6% in the year-ago period. 

--Nifty 50 November closed at 25951.00, down 35.10 points; 71.85-point premium to the spot index

--Nifty 50 December closed at 26140.00, down 24.00 points; 260.85-point premium to the spot index

--Nifty 50 January closed at 26313.50, down 15.00 points; 434.35-point premium to the spot index

ICICI Bank, Tata Steel, Asian Paints, Infosys, IndusInd Bank, Eternal, Reliance Industries, HDFC Bank, Ashok Leyland, Samvardhana Motherson International, Vodafone Idea, BSE, State Bank of India, Adani Enterprises, Hindustan Zinc, Jio Financial Services, and Hindalco Industries were the most actively traded underlying stocks Thursday.  End

Edited by Rajeev Pai

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