Ashok Leyland

PAT trailing up by 89% on vigorous operating performance

Ashok Leyland, Hinduja GroupDuring the quarter  which ended on Sep 10, Ashok Leyland - the Hinduja Group's flagship firm in the country and a major commercial vehicle player meet up the market anticipation along with striking net profit growth of 89% by Rs.
167.06 crore.

The outcome growth was constrained by high elevated sales volume and vigorous operating performance although bounded by elevated tax provision.

Buy Ashok Leyland With Target Of Rs 77.50

Buy Ashok Leyland With Target Of Rs 77.50Stock market analyst Salil Sharma has maintained 'buy' rating on Ashok Leyland Ltd stock with a target of Rs 77.50.

According to analyst, the interested investors can buy the stock with stop loss of Rs 72.

The stock of the company, on Oct 07, closed at Rs 73.90 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 79 and a low of Rs 40 on BSE.

Current EPS & P/E ratio stood at 4.06 and 18.52 respectively.

Ashok Leyland Ltd has increased the prices of its vehicles by 3% (across all models).

Ashok Leyland up 4% in BSE

Ashok Leyland up 4% in BSEShare price of Ashok Leyland has gone up by 4 per cent during the early day trades in BSE. The rise comes after a day the automaker got approval from the Tamil Nadu government for receiving a new order.

The prices of share started the day itself with a very strong footing. They raised 4.28 per cent in the morning to be at 77.85 rupees in the BSE. Same was the movement in the NSE where the scrip went up 4.28 per cent in the morning to be at 77.90 rupees.

Hold Ashok Leyland With Stop Loss Of Rs 70

Hold Ashok Leyland With Stop Loss Of Rs 70Stock market analyst Anil Maghnani of Modern Shares has maintained 'hold' rating on Ashok Leyland stock with a target of Rs 80.

According to analyst, the interested investors can buy the stock with strict stop loss of Rs 70.

The stock of the company, on Sep 07, closed at Rs 74.35 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 76.40 and a low of Rs 39.10 on BSE.

Current EPS & P/E ratio stood at 4.06 and 18.47 respectively.

Ashok Leyland maintains growth

Ashok Leyland maintains growth  There is no denying the fact that the Hinduja Group flagship firm Ashok Leyland has been successfully able to cash in on the rising demand in the domestic commercial vehicle segment and the results are clearly shown in the unit sales posted by the company over the past few months.

For the record, the company has reported a 56.35 per cent jump in commercial vehicle sales at 7,480 units in August compared to the same month last year. It is to be mentioned here that the company had sold 4,784 units in the same month last year.

Ashok Leyland Intraday Buy Call

Ashok Leyland Intraday Buy CallStock market analyst Ashish Chaturmotha of Anand Rathi Securities has maintained 'buy' rating on Ashok Leyland Ltd stock with target of Rs 82-84.

According to analyst, the interested investors can buy the stock with strict stop loss of Rs 72.

The stock of the company, on Sep 01, closed at Rs 74.60 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 75.45 and a low of Rs 39 on BSE.

Current EPS & P/E ratio stood at 4.06 and 18.48 respectively.

Ashok Leyland gets an order form Sri Lanka

Ashok Leyland gets an order form Sri LankaHinduja group flagship firm Ashok Leyland has recently said that it has bagged an order worth Rs. 120 crore from the People's Leasing Company in Sri Lanka.

While the scale of the order is as big as 1,000 buses, the company said in a statement that it is the single largest order from the country for the company.

Moreover, the statement issued by the company also highlighted the fact that the deliveries of the ordered 1,000 'Viking' buses, varying from 42 - 58 seaters, will commence with immediate effect and have to be completed before March 2011.

Buy Ashok Leyland With Target Of Rs 77

Buy Ashok Leyland With Target Of Rs 77Stock market analyst Hitesh Chotalia has maintained 'buy' rating on Ashok Leyland Ltd stock with target of Rs 77.

According to analyst, the investors can buy the stock on dips with stop loss of Rs 70.

The stock of the company, on August 05, closed at Rs 84.50 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 4.06 and 17.63 respectively.

The share price has seen a 52-week high of Rs 74.20 and a low of Rs 32.90 on BSE.

Ashok Leyland to pick up stake in Optare

Ashok-LeylandThe flagship company of the Hinduja Group, Ashok Leyland has recently said that the commercial vehicle will soon pick up a 26% stake in UK-based Optare.

While the move comes as an attempt by Ashok Leyland as a part of its strategy to expand into new markets, the company will be buying the stake in this bus manufacturer for close to for $7.5 million (about Rs 35 crore).

The company said in a statement that the deal will in a way help the commercial vehicle maker to expand its presence in new markets, accelerate technology, and to focus on new product development.

Ashok Leyland Q1 net surges over sixteen-fold to Rs 590 crore

Ashok Leyland Q1 net surges over sixteen-fold to Rs 590 croreLeading commercial vehicle maker Ashok Leyland has announced its first quarter financial results for the fiscal year 2010-11. According to the report, it company has registered a mammoth sixteen fold rise in the net profit of the company in the June quarter of the year against its like period a year ago.

Ashok Leyland has posted a net profit of Rs 122.64 crore for the quarter that ended in 30th June, this year.

Ashok Leyland Increases Vehicle Prices By 35

Ashok Leyland Increases Vehicle Prices By 35Chennai based commercial vehicle manufacturing company Ashok Leyland Ltd has increased the prices of its medium and heavy duty vehicles by 3% with immediate effect.

The increase in cost will be in the range of Rs 20,000-Rs 50,000 depending on the model.

The company stated that the price rise had been necessitated to recover the increase in input costs like steel, tyres, castings and others.

Buy Ashok Leyland With Stop Loss Of Rs 61

Buy Ashok Leyland With Stop Loss Of Rs 61Stock market analyst Sudarshan Sukhani has maintained 'buy' rating on Ashok Leyland Ltd stock to achieve an intra-day target of Rs 65.

According to analyst, the investors can sell the stock with stop loss of Rs 61.

The shares of the company, on June 17, closed at Rs 61.95 the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 70.35 and a low of Rs 28.40 on BSE. Current EPS and P/E ratio of the stock stood at 3.21 & 19.48 respectively.

Ashok Leyland Records 229% Growth In May Sales

Ashok Leyland Records 229% Growth In May SalesCommercial Vehicle maker Ashok Leyland announced that its total sales during the last month (May 2010) surged 229% to 6,502 units as against 1,977 units sold in the same period of last year.

The company's domestic sales surged 251.97% to 5,973 units for the month under review as compared to 1,697 units sold in May 2009.

Moreover, the company's exports during May 2010 grew by 88.92% to 529 units in May 2010 as compared to 280 units in the year-ago period.

Ashok Leyland Nissan To Launch LCVs In Mid-2011

Ashok Leyland Nissan To Launch LCVs In Mid-2011The Hinduja Group's Ashok Leyland and Japanese Nissan Motor Company announced that their joint venture company, Ashok Leyland Nissan, will launch light commercial vehicles (LCVs) in mid-2011.

Ashok Leyland owns 51% equity stake in Ashok Leyland Nissan, while Nissan Motor holds the remaining 49% stake.

The company will make two models at Ashok Leyland's facility located at Hosur in Tamil Nadu and one model at Nissan Motor's plant at Oragadam near here.

Hold Ashok Leyland

Hold Ashok LeylandTechnical Analyst Rajesh Jain of SMC Global Securities has maintained 'buy' rating on Ashok Leyland Ltd stock with stop loss of Rs 54

According to Jain, the investors can exit on rally to around Rs 64.

Today, the stock opened at Rs 58 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 70.35 and a low of Rs 28.10 on BSE.

Current EPS & P/E ratio stood at 3.21 and 18.11 respectively.

Ashok Leyland, on May 24, has restarted production at its Ennore plant that remained close for two days because of heavy rains following cyclone 'Laila'.

Ashok Leyland net profit up 123%

Ashok Leyland net profit up 123%India's leading commercial vehicle manufacturer Ashok Leyland has announced its first quarter in the year 2010. Ashok Leyland is the flagship of Hinduja Group. Ashok Leyland has produced a remarkable performance in its net profit as well as net revenue.

It has posted a net profit of Rs 423.67 crore for the particular quarter. It was around Rs 189.99 crore for the same quarter in the previous year. That means the company has managed to register a mammoth 123% hike in its net profit figures.

Ashok Leyland revives its investment plans

Ashok-LeylandThe country's second largest truck maker Ashok Leyland has revived its investment plans with some fresh strategies for the upcoming financial year.

The company has a tough time during the global economic melt down and the recession. All its projects had been delayed in that period of time. It was a horrible two years period for the Indian vehicle manufacturer. It's JVs with Nissan and John Deere has also got delayed, so has its investment plan.

Ashok Leyland- Nissan alliance not to take on Ace

Ashok-LeyLand-NissanWhile the 1-tonne vehicle market is gaining all the accolades from the experts for the overwhelming performance, V. Sumantran, executive vice chairman of Hinduja Automotive Ltd has recently confirmed that the Ashok Leyland's alliance with Nissan will not produce vehicles that will compete in the segment that the Ace is playing.

Bajaj’s small car plans well on track

Bajaj’s small car plans well on trackJust days after Nissan announced its possible alliance with the commercial-vehicle maker Ashok Leyland, Bajaj Auto has confirmed that its ultra-low-cost car project with Nissan and Renault is well on track.

The company said that the segment they are tapping with their small-car is entirely different as compared to the Nissan's small car project with Ashok Leyland.

Ashok Leyland May Enter Car Manufacturing Biz With Nissan

Ashok Leyland May Enter Car Manufacturing Biz With NissanAhok Leyland's possible entry into car manufacturing with Japanese company Nissan Motor kept the market and business circle buzzing though functionaries refuse to verify or reject such a development.

Mr. V. Sumantran, executive vice chairman of Hinduja Automotive Ltd said, "I am not commenting anything on the subject."

When met top functionaries of Ashok Leyland said only Hinduja group executives like Sumantran could clear the air.




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