Research Disclosures & Disclaimers

This website contains disclosures and disclaimers related to
published UBS Global Research products, including those related to
regulation, potential conflicts of interest as well as those provided
by third-party data providers describing limitations on use of their
products.

Ashok Leyland (ASOK.BO)*

UBS Rating and Price Target History Chart

Line chart explaining Price target vs Stock Price is described in below table

EQ Rating & Price Target Table

Date	Stock Price (Rs)	Price Target (Rs)	Rating
2022-05-27	70.13	75.00	Buy
2022-08-03	74.25	82.50	Neutral
2022-11-11	73.85	85.00	Neutral
2023-02-02	76.03	87.50	Neutral
2023-10-12	87.28	95.00	Neutral
2024-07-25	116.23	140.00	Buy
2024-11-08	111.00	132.50	Buy
2025-02-12	109.80	142.50	Buy
2025-05-25	119.80	147.50	Buy
2025-08-15	121.95	150.00	Buy

Note : Historical Price Targets have been adjusted to account for any stock splits, rights issues and/or dividends which may have occurred for this security. Not Priced: Stock was not priced on the given date. No Rating: Issuer was not rated by UBS on the given day. No Price Target: For this issuer no Price Target was set by UBS on the given day. Issuers with an EQ Rating & Price Target Table are covered by UBS-IB Equity Research Analysts. Issuers without an EQ Rating & Price Target Table are not single stock covered.

* Issuers marked with an asterisk are covered by UBS-IB Equity Research Analysts. Issuers without an asterisk are not single stock covered.