Ashok Leyland jumps on record Q1; breakout seen above ₹133
Ashok Leyland rose 2% after posting record Q1 revenue of ₹8,725 crore and highest-ever CV volumes at 44,238 units. Net profit grew 13% to ₹594 crore.The board approved ₹306 crore investments in subsidiaries VBCL and Ohm Global Mobility. Analyst sees resistance at ₹127-₹ 133; a breakout above ₹133 could trigger fresh buying, with support at ₹109-₹116.