Ashok Leyland

Ashok Leyland launches limited anniversary edition of Dost

Ashok Leyland launches limited anniversary edition of Dost Auto giant Ashok Leyland has come up with a limited "anniversary" edition of it's the light commercial vehicle dubbed Dost.The limited edition has been introduced on the first anniversary of Dost, which was launched last year in association with Nissan Motor Co.

Introducing the anniversary edition, Ashok Leyland Vice-Chairman V Sumantran "We felt to introduce something special (to our customers) on this special occasion, and therefore, the first Anniversary edition. Today is the birthday of DOST."

Ashok Leyland planning to launch 5 vehicles

Ashok Leyland planning to launch 5 vehiclesThe country's second largest commercial vehicle maker Ashok Leyland has said that it is planning to launch 5 new vehicles in the domestic market during the current financial year.

The launch comes at a time when newer players like Mahindra Navistar, Volvo, Mercedes and AMW are increasing looking to capture market share of the heavy truck market. The market was dominated by Tata Motors and Ashok Leyland until recently.

Ashok Leyland Plans To Make Investment Of Rs 4,150 Cr In Tamil Nadu

Ashok Leyland Plans To Make Investment Of Rs 4,150 Cr In Tamil NaduAshok Leyland is eyeing to make an investment of around Rs 4,150 crore in the state of Tamil Nadu.

The planned investment consists of a Light Commercial Vehicle (LCV) project together with its Japanese associate, Nissan.

Hinduja's flagship firm stated that it would roll out two more products by 2012 end.

Ashok Leyland appoints V. Sumantran as new Vice Chairman

Ashok Leyland appoints V. Sumantran as new Vice ChairmanAshok Leyland Ltd has announced that it has appointed Dr V. Sumantran as its new Vice-Chairman.

Dr V. Sumantran will be responsible for the business plan and results of the Defence and Light Commercial Vehicle business unit of the company, besides his roles as a member of the board, Ashok Leyland informed stock exchanges today.

He had joined the board of Ashok Leyland in 2008 and is has been working as the Executive Vice-Chairman of Hinduja Automotive Ltd.

Ashok Leyland Met a Fall in Its Profit in the First Quarter of The Year Up to June 2011

Ashok Leyland Met a Fall in Its Profit in the First Quarter of The Year Up to June 2011The commercial vehicle manufacturer Ashok Leyland’s net profit declines by 30%, amounting to Rs 86.25 crore, with the increase in the price of raw materials, and other financial expenditures. The company sold around 19,277 vehicles resulting in a fall in the sales by 6.3%, amounting to 2,495.51 crore from April to June 2012.

Ashok Leyland bags $23.3 million-worth Bangladesh order

Ashok LeylandMumbai, May 25 : Hinduja Group's automobile manufacturing arm Ashok Leyland Wednesday said it had bagged an order worth $23.3 million (Rs. 105 crore) from state-run Bangladesh Road Transport Corporation (BRTC) for 290 double-decker buses.

"This represents the company's largest single order for double-decker buses from that country (Bangladesh)," Ashok Leyland said in a regulatory filing.

The company added that it considered Bangladesh as one of its major export destinations.

Ashok Leyland's Q4 profit up 33.33 percent

Ashok Leyland's Q4 profit up 33.33 percentMumbai, May 20 : Hinduja Group-promoted heavy vehicles company Ashok Leyland Thursday reported an increase of 33.33 percent in its net profits for the fourth quarter of the last fiscal at Rs. 298.22 crore.

The total income of the company in the quarter under review increased by 30.30 percent to Rs. 3,832.64 crore from Rs. 2,941.34 crore for the fourth quarter of 2009-10.

Buy Ashok Leyland With Target Of Rs 58

Buy Ashok Leyland With Target Of Rs 58Technical analyst Nishant Jain of Tradeswift Broking has maintained 'buy' rating on Ashok Leyland Limited stock with a target of Rs 58.

According to analyst, the investors can buy the stock with a stop loss of Rs 52.

The stock of the bank, on April 20, closed at Rs 54.55on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 81.90 and a low of Rs 46.50 on BSE.

Current EPS & P/E ratio stood at 4.18 and 13.13 respectively.

Ashok Leyland-Nissan unveil 1.25-tonne goods carrier

Ashok Leyland-Nissan unveil 1.25-tonne goods carrierChennai, March 29 : The Hinduja Group's Ashok Leyland and the Japanese auto major Nissan Motor Company Tuesday unveiled their joint venture's 1.25-tonne light commercial vehicle (LCV) Dost.

The joint venture plans to roll out a broad range of trucks and passenger vehicles from a greenfield plant three years later, a top company official said here.

Truck major Ashok Leyland and Nissan Motor have a 51:49 manufacturing joint venture - Ashok Leyland Nissan Vehicles - to produce LCVs.

Ashok Leyland Can Touch Rs 56-57

Ashok Leyland Can Touch Rs 56-57Technical analyst Anil Manghnani of Modern Shares & Stock Brokers maintained that the stock of Ashok Leyland Limited can test Rs 56-57.

The stock of the company, on March 3, closed at Rs 53 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 81.90 and a low of Rs 46.50 on BSE.

Current EPS & P/E ratio stood at 4.18 and 12.95 respectively.

Buy Ashok Leyland: Mitesh Thacker

Buy Ashok Leyland: Mitesh ThackerTechnical analyst Mitesh Thacker has maintained 'buy' rating on Ashok Leyland Limited stock.

According to analyst, the interested investors can buy the stock for another 10% up move.

The stock of the company, on March 1, closed at Rs 52.05 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 81.90 and a low of Rs 46.50 on BSE.

Current EPS & P/E ratio stood at 4.18 and 12.42 respectively.

Buy Ashok Leyland With Target Of Rs 76

ASHOK LEYLANDThe commercial vehicle (CV) segment took a hit for a couple of months to absorb pre-buying due to new emission norms, effective October 1, 2010. The domestic truck segment picked up momentum since December 2010 on strong economic growth. Further, increased production at Ashok Leyland's Uttarakhand facility is expected to boost margins.

1) Management targets 95k units during FY11 while we estimate volume of 89k units. We expect the company to surpass our estimates by 4-5%. In FY12, we expect the company to record volume growth of 10% to 97k units with an upward bias.

Ashok Leyland Monthly Sales Update by PINC Research

Ashok Leyland Monthly Sales Update by PINC ResearchAshok Leyland (AL) reported total dispatches of 7.7k units for the month of January against our expectations of 7.5k units. While MHCV Truck segment dispatches were inline with estimates, bus segment numbers were below expectation. Domestic sales were lower by 8% to 6.8k units. Truck dispatches were lower 10.8% YoY to 5,154 units. Bus segment dispatches were higher by 4.7% YoY to 1,676 units. Exports markets dispatches almost doubled to 831 units with buses contributing half. We expect a similar run-rate of ~8k units to be maintained in the month of Feb'11

Ashok Leyland Result Review by PINC Research

Ashok Leyland Result Review by PINC ResearchAshok Leyland's (AL) Q3FY11 results were below expectation with profits declining to Rs434mn as against our expectation of Rs693mn. Margins during the quarter were impacted due to a one time charge of Rs260mn on account of bonus payments for FY10. Consequently, margins contracted by 390bps YoY to 7.5%. Additionally, higher capital charges led to a 59% de-growth in profit to Rs434mn.

Buy Ashok Leyland With Target Of Rs 76

Buy Ashok Leyland With Target Of Rs 76PINC Research has maintained 'buy' rating on Ashok Leyland Limited with a price target of Rs 76 in its report dated January 17, 2011.

Today, the stock of the company opened at Rs 59.70 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 81.90 and a low of Rs 46.80 on BSE.

Current EPS & P/E ratio stood at 4.65 and 12.86 respectively.

Ashok Leyland has registered an increase of 23.86% in its commercial vehicle sales, which remained at 7,568 units during the last month as against the corresponding period of 2009.

Ashok Leyland Preview Highlights : PINC Research

Ashok Leyland Preview Highlights : PINC Research.. New emission norms came into force across the country with effect from 1st October 2010. Ashok Leyland (AL) reaped benefits of the same in Q2FY11 with demand preponement. Q3FY11 witnessed a slowdown in demand and as a result on a sequential basis volumes declined 25%. However, on a YoY basis volumes were higher by 14.3% to 18k units.

.. With the price hike undertaken in the beginning of the quarter, realisations are expected to rise by 3% QoQ. We expect a revenue growth of 16% YoY to Rs21bn.

Mahindra & Mahindra, Tata Motors and Ashok Leyland Company Performance : PINC RESEARCH

Mahindra & Mahindra, Tata Motors and Ashok Leyland Company Performance : PINC RESEARCHMahindra & Mahindra (M&M) reported impressive dispatches for the month of December '10 across various categories. In the automotive segment, the passenger UVs segment grew by 24%. Pick-up & SCVs had a growth of 46% due to success of `Maximmo'. Logan clocked volumes of 896 units. 3-wheeler dispatches doubled to 5.9K units. Overall domestic automotive dispatches increased by 43% to 32.5K units as against our expectation of 26K units.

Intraday Buy Call For Ashok Leyland

Ashok LeylandTechnical analyst Anil Singhvi has maintained 'buy' rating on Ashok Leyland Limited stock with an intra-day target of Rs 71.

According to analyst, the investors can buy the stock with a stop loss of Rs 65.

The stock of the company, on December 21, closed at Rs 65.95 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 81.90 and a low of Rs 46.80 on BSE.

Current EPS & P/E ratio stood at 4.65 and 14.39 respectively.

Buy Ashok Leyland with target of Rs 76

Ashok LeylandWith the growth in overall economic activity, we expect AL to achieve volumes of 89k and 97k for FY11 and FY12 respectively. This reflects growth of 38.5% and 52% respectively.

Post emission norm changes in October -2010, we expect sales to pick up from January. The profitability of the truck operators remains healthy despite cost increases and this will be the prime reason behind demand for trucks.

Ramp-up at Pantnagar plant will help the margin expansion during FY12 due to fiscal benefits available at this plant. EBITDA margins likely to improve to 11.8% from 10.7% expected during FY11.

Ashok Leyland Intraday Buy Call

Ashok Leyland Intraday Buy CallStock market analyst PK Agarwal of Purpleline Investment has maintained buy rating on Ashok Leyland Limited stock with an intraday target of Rs 85.

The interested investors can buy the stock with stop loss of Rs 78.

The stock of the company, on Nov 10, closed at Rs 79.50 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 81.90 and a low of Rs 46.80 on BSE.

Current EPS & P/E ratio stood at 4.65 and 17.24 respectively.




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