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NSE Announcements on Ashok Leyland
Posted by :
MMB MessengerAshok Leyland Ltd has informed the Exchange that in the casual vacancy caused by the demise of Mr. P N Ghatalia, Mr. Anil Harish has been appointed as an Independent Director and as Chairman of the Audit Committee of the Board of Directors of the Company at the Board Meeting held on October 30, 2009....
NSE Announcements on Ashok Leyland
Posted by : MMB MessengerAshok Leyland Ltd has informed the Exchange regarding the standalone Results for the half year ended on 30-SEP-2009 as follows: Net Sales of Rs. 249013.59 lacs for half year ending on 30-SEP-2009 against Rs. 375026.57 lacs for the half year ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 9637.76 lacs for the half year ending on 30-SEP-2009 against Rs. 11781.31 lacs for the half year ending on 30-SEP-2008....
BSE Announcements on Ashok Leyland
Posted by : MMB Messenger
Ashok Leyland Ltd has announced the following Unaudited results for the quarter ended September 30, 2009:
The Company has posted a net profit of Rs 886.055 million for the quarter ended September 30, 2009 as compared to Rs 672.437 million for the quarter ended September 30, 2008. Total Income has decreased from Rs 18942.655 million for the quarter ended September 30, 2008 to Rs 15832.442 million for the quarter ended September 30, 2009....
NSE Announcements on Ashok Leyland
Posted by : MMB MessengerAshok Leyland Ltd has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2009 as follows: Net Sales of Rs. 157768.46 lacs for quarter ending on 30-SEP-2009 against Rs. 186640.31 lacs for the quarter ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 8860.55 lacs for the quarter ending on 30-SEP-2009 against Rs. 6724.37 lacs for the quarter ending on 30-SEP-2008....
marching towards 65
Posted by :
raja37pnBuy some scripts like Banco Products, Finolex and etc which are recommended by many analyst. Those scripts will give us 30-50% return for short term....
marching towards 65
Posted by : Guest
Agreed, as already in my earlier poost i had mentioned that it is going to test below 40 levels soon.
The Uttarakhand factor would only come in after Q1-Q-2 2010, till then no real reason for this stock to appreciate
significantly,given the fact that it`s PE valuation at curent levels is expensive.
It`s better to book profits at current levels and re enter later.
...
marching towards 65
Posted by : jessywadehraNO WAY !! At current PE ratio of over 40 !!!! and with a particularly bad year with marginal recovery only and difficulty in arranging funds for capex and expansion, this stock is doomed.. There is a lot of speculation on this stock by recent mutual fund activity and due to its announced QIP, wait for the results end-Oct and look at its performance from Nov 2 onwards !! Target is 40-38-36-33-31.5-28.5...
marching towards 65
Posted by : Guesthey any real reasons fundamentally or technically for the 65 target you are quoting. Trust me you will get it at below 40 levels in the next three months....
marching towards 65
Posted by : Guestthe price is expected to touch 48-52-55-58-63-65 very soon. the management is very much optimistic about the performance. go bull...
BSE Announcements on Ashok Leyland
Posted by : MMB MessengerAshok Leyland Ltd has informed BSE that a meeeting of the Board of Directors of the Company will be held on October 30, 2009, inter alia, to take on record the Un-audited Financial Results of the Company for the quarter ended September 30, 2009 (Q2)....
Second Attempt
Posted by : rvk41
Ashok Leyland is in talks with Grupo Plaza of Argentina to set up a joint venture there.
The joint venture is for producing buses and trucks in Argentina, it is reliably learnt. sources close to the development say that the talks are in preliminary stage
Grupo Plaza (the Plaza Group) is a large public transportation company with a strong presence in Argentina.
Sources in the know have told Business Line that the group owns both inter-city and intra-city buses.
It has four companies operating long distance buses and twenty intra-city bus services. In addition, it also operates train services.
Incidentally, Ashok Leyland’s principal competitor in India, Tata Motors, is also in talks with (Ashok Leyland’s erstwhile partner) Iveco of Italy, to set up a manufacturing centre in Argentina.
This is the second time that Ashok Leyland is attempting to pitch tent in South America.
A few years ago, it was in talks to take over a Brazilian company called Tupy, but a deal did not materialise.
For information,with regards
rvk41...
advice me
Posted by : jessywadehraSell your stock at this price.. you`ll not get 45 on this stock for another year or so at least.. in fact, the downturn would start soon with the numbers in late Oct.. PE ratio or 35+ is totally unjustified and unreasonable for this stock.. Why wouldnt you buy a Maruti instead.....
advice me
Posted by : avijitb
HOLD!!
Ashok Leyland would start delivery of the first 50 ultra low entry (ULE) buses to the
Delhi Transport Corporation (DTC) soon as part of its Rs 1,190 crore contract to
supply 875 buses this fiscal. It would fulfil its contract to deliver 5,000 buses to
various state and local transport bodies under the Jawaharlal Nehru National Urban
Renewal Mission (JNNURM) in 2009-10.
...
