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Ashwani Gujral recommends Ashok Leyland
Posted by :
nevis
Its not a bear market now. Yes this one has come a long way from the 14-15 levels, so its a good time to book partial profits.
Today`s news says it is unable to cope with the present demand. So we may see these 50 levels for some more time, if the market hangs in this zone.
Btw, next June is far away. We will see a full fledged budget inbetween....
Ashwani Gujral recommends Ashok Leyland
Posted by :
dell_456
All please exit from this stock it is trading at a pe of 50+ which is dangerous even in bear market like this
asset bubble is next to happen sometime next june...
Ashwani Gujral recommends Ashok Leyland
Posted by : nevisIs this your target for next week or next month ? I plan to offload some and was looking at 48-50 range in the past few days and not seeing it. ...
Ashwani Gujral recommends Ashok Leyland
Posted by :
pradeep_rpBuy with stop loss of 43 for target of 50 - 55...
End of domestic bus and truck companies
Posted by : small traderMajor market chunk of transport bus has now been taken by Volvo and Merc with their entry. players like AL are now more into intercity buses. On the transport side their trucks are still strong but are going to face strong competition again from international companies. This is just fundamental not indicating what the stock is going to do in the short term but more about where its headed and the challenges. The bus market is almost lost. The truck market is what they need to hold on to........
BSE Announcements on Ashok Leyland
Posted by : MMB MessengerAshok Leyland Ltd has informed BSE 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 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...
