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Ashok Leyland shares zoomed nearly 6% on BSE today to their new all-time high of Rs 222.80 after reporting a 20% year-on-year (YoY) increase in its Q4 net profit at Rs 900.41 crore.Revenues from operations in the quarter under review stood at Rs 11,266.69 crore as compared to Rs 11,625.67 crore in the year-ago period.Here’s how brokerages view the Q4 performance:JM FinancialDemand momentum in the domestic market continues to remain healthy led by pick-up in replacement demand. The company reiterated its focus on profitable growth. Medium-term demand drivers (higher infra spends, scrappage policy, etc.) remain intact and AL aims for higher share in MHCVs (to c.35%) and LCV led by network expansion and addressing product gaps.JM Financial maintained a 'buy' rating on stock with a target price of Rs 275.Motilal OswalMotilal expects a recovery in CV demand from 2HFY25 onwards as structural demand drivers remain intact. The company is the best investment choice in the CV growth cycle, as it has positioned itself to expand revenue/profit pools. Moreover, its focus on profitable growth driven by lower discounts, a better mix, and cost control measures should bode well for EBITDA margin expansion over FY24-26E.The brokerage firm raised its FY25E/FY26E EPS by 7%/6% to factor in a better gross margin and a lower interest burden.They have a 'buy' call on the stock with a target price of Rs 245.Also read: Divi’s Laboratories shares rally 5% post Q4 results. Should you buy, sell or hold?Kotak Institutional EquitiesKIE expects CV industry volumes to recover post elections, especially driven by the buses segment. Also, they expect profitability of the company to be maintained at current levels in FY2025E driven by increase in non-auto mix and cost-control measures.Kotak has a 'reduce' rating on the stock with a target price of Rs 200.ICICI SecuritiesICICI Securities is expecting overall switch mobility to remain EBITDA positive in FY25 aided by India business' strong pipeline. ICICI Securities has built in flat volumes for the domestic M&HCV goods industry in FY25E, before a 10% dip in FY26E, thus factoring in AL’s M&HCV volume CAGR at 6% over FY24-26E, assuming steady market share.ICICI Securities has a 'sell' view on the stock with a target price of Rs 140.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

Shares of state-run Cochin Shipyard surged 10% to hit a new record high of Rs 2100 in Monday's trade on BSE after the company reported multi-fold growth in its consolidated net profit to Rs 258.88 crore for the March 2024 quarter on account of higher income. It had clocked Rs 39.33 crore profit in the year-ago period.The company's total income rose to Rs 1,366.16 crore from Rs 671.32 crore in January-March FY23.The firm earned a revenue of Rs 985.15 crore from the shipbuilding segment against Rs 453.84 crore in Q4 FY23. From ship repairing, it has registered a revenue of Rs 300.89 crore compared to Rs 146.24 crore a year ago.For the full FY24, the company's profit more than doubled to Rs 783.27 crore from Rs 304.70 crore in FY23.The board of the company also approved a final dividend of Rs 2.25 per share for FY24.Cochin Shipyard is one of the leading shipbuilding and repair yards in India. It also has an exclusive area set for offshore construction and future expansion.At 11:08 am, the stock was trading 3.4% higher at Rs 1,977 on BSE. Meanwhile, the stock has rallied over 130% in the past three months, while it has gained over 250% in the past six months. The multibagger stock has also rallied over 725% in the past one year.The stock is currently trading in an overbought zone as its Relative Strength Index (RSI) is at 84.6. The RSI below 30 is considered oversold, and above 70 is overbought, Trendlyne data showed. MACD is at 110.5, which is above its center and signal line, this is a bullish indicator.Cochin Shipyard is currently trading above its 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day simple moving averages (SMAs).(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)