NSE: ASHOKLEY · 9 November 2026
- Ashok Leyland has risen 13.52% over 3 trading sessions; today's move is -1.76%.
- Ashok Leyland informed the exchanges that the National Company Law Tribunal, Mumbai Bench, vide its order dated November 3, 2026, has sanctioned the scheme of arrangement for the absorption of Hinduja Leyland Finance Limited into NDL Ventures Limited. Upon the scheme becoming effective, Hinduja Leyland Finance will stand dissolved without winding up, and Ashok Leyland's shareholding will be diluted from 61.12% to 59.64% in NDL Ventures, which will become a material listed subsidiary.
- Trading volume was 1.44 times the 20-day average daily volume.
Ashok Leyland share price: 13.52% rise over 3 trading sessions
Ashok Leyland Ltd shares declined 1.76% today, settling at ₹174.86 after moving within a day's range of ₹173.23 to ₹178.83. The stock opened higher at ₹178.15 compared to its previous close of ₹178.00.
The broader market benchmark Nifty rose marginally by 0.06% during the session. The company's recent price action follows a strong multi-session run, having posted a 5-day return of 17.20% and a 20-day return of 20.54%, indicating that today's pullback may reflect profit-taking or consolidation after recent strong gains rather than any operational weakness.
On the corporate development front, the company recently announced that the National Company Law Tribunal (NCLT), Mumbai Bench, issued an order on November 3, 2026, sanctioning the scheme of arrangement for the merger of Hinduja Leyland Finance Limited into NDL Ventures Limited.
2.71 crore shares traded by 9 November 2026 · 03:30 PM IST. This compares with a 20-day average daily volume of 1.88 crore shares (1.44 times). The five-day average daily volume was 3.56 crore shares. Separately, the NSE report for 9 November 2026 showed 1.21 crore shares delivered, representing 44.66% of that day’s traded volume. The same report recorded 119,578 trades.
The stock declined 1.76% in a relatively flat broader market, following a sharp multi-session rally that delivered gains of 17.20% over 5 days and 20.54% over 20 days. Given the absence of negative same-day catalysts, the price action appears consistent with routine profit-taking and consolidation.
Latest Company Developments
Ashok Leyland informed the exchanges that the National Company Law Tribunal, Mumbai Bench, vide its order dated November 3, 2026, has sanctioned the scheme of arrangement for the absorption of Hinduja Leyland Finance Limited into NDL Ventures Limited. Upon the scheme becoming effective, Hinduja Leyland Finance will stand dissolved without winding up, and Ashok Leyland's shareholding will be diluted from 61.12% to 59.64% in NDL Ventures, which will become a material listed subsidiary.
This corporate restructuring reshapes the group's financial services holding structure and creates a consolidated listed NBFC platform.
The company released its sales figures for October 2026, reporting total vehicle sales of 21,888 units, up 23% compared to 17,820 units in October 2025. Domestic commercial vehicle sales stood at 20,224 units, marking a 24% year-on-year increase, driven largely by growth in the M&HCV trucks and LCV segments.
Monthly sales figures provide a direct read on underlying commercial vehicle demand and operational momentum across domestic and export markets.
Ashok Leyland Limited has submitted to the Exchange, the unaudited financial results for the period ended Jun 30, 2026.
Updates on Scheme of Arrangement – Hinduja Leyland Finance Limited.
allotment of 30000 securities pursuant to Non Convertible Securities at its meeting held on August 10, 2026.
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 9.94% on 30 September 2026. This compares with 9.73% on 30 June 2026, a change of +0.21 percentage points.
The filing reported 45 MF/UTI holders.
Research & Brokerage Views
Maintained a Buy rating with a target price of ₹179, keeping the stock in focus amid ongoing operational developments.
What to Watch Next
- Upcoming financial results for the period ended September 30, 2026, scheduled for November 14, 2026
- Progress on the NCLT-sanctioned merger implementation involving Hinduja Leyland Finance and NDL Ventures
- Sustained delivery volumes relative to today's 44.66% delivery percentage
- Monthly commercial vehicle sales performance in subsequent periods
Other Dated Coverage
- Ashok Leyland Share Price Today: Rises 11.72% in 2 Trading Sessions | 6 November 2026 — 6 November 2026
- Ashok Leyland Share Price Today: Rises 11.44% in 2 Trading Sessions | 5 November 2026 — 5 November 2026
- Ashok Leyland Share Price Today: Why ASHOKLEY Is Rising 2.37% | 3 November 2026 — 3 November 2026
More Ashok Leyland news and dated analysis →
Frequently Asked Questions
What is the latest Ashok Leyland company news?
Ashok Leyland informed the exchanges that the National Company Law Tribunal, Mumbai Bench, vide its order dated November 3, 2026, has sanctioned the scheme of arrangement for the absorption of Hinduja Leyland Finance Limited into NDL Ventures Limited. Upon the scheme becoming effective, Hinduja Leyland Finance will stand dissolved without winding up, and Ashok Leyland's shareholding will be diluted from 61.12% to 59.64% in NDL Ventures, which will become a material listed subsidiary.
How strong was Ashok Leyland’s trading volume?
2.71 crore shares traded, 1.44 times the 20-day average daily volume. The price and volume data are dated 9 November 2026 · 03:30 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.