Ashok Leyland is trading in a strong uptrend, with bullish momentum supported by the MACD and RSI indicators, above key EMAs. Analyst Deepak Pal recommends a buy-on-dips strategy with a stop-loss of ₹240 and near-term targets of ₹260-265. The record date for the 1:1 bonus share issue is July 16. Retail sentiment turned bullish, and the stock is up 13.6% YTD.