- 09:30 PM Positive global cues, RIL power markets
- 09:19 PM Hindalco launches $600m QIP book at Rs 130.9/s...
- 09:00 PM Telecom woes: Lower tariffs, consolidation seen ah...
- 08:53 PM Prestige Group ramps up investment plans
- 08:35 PM Looking for a cheap house, try south India
- 07:55 PM Mahindra arm to bid for $3.5 bn defence deals
- 07:26 PM Tech Toyz celebrates the waning of recession
- 07:23 PM Experts see mkts at new highs, advise sectors
- 07:21 PM HCL Tech bags $200m order from UK’s Equitable ...
- 07:15 PM Curtains go up on International Film Festival of I...



Broking house, ASK Raymond James is bullish on Ashok Leyland. It has maintained buy rating on the stock with a target price of Rs 50.
The ASK Raymond James report on Ashok Leyland:
“Ashok Leyland, ALL reported 34% YoY growth in revenues at Rs 16.7 billion for 2Q FY07 (higher than our expectation of Rs 15.9 billion), led by 28% YoY growth in volumes. Operating margins were under pressure and fell by 124 bps to 8.1% YoY due to higher cost of inputs viz. rubber, non-ferrous metals, etc.”
“ALL has announced plans to set up a vehicle manufacturing unit in Uttranchal with a capex of Rs 10 billion and capacity of 25,000 units. It also plans to setup assembly units in UAE and South Africa to tap the growing Middle East, South and Central African markets.”
“Going forward, we expect volumes from the defense and passenger vehicle segment to improve due to pending defense orders and an order backlog of 3,000 buses from State Transport Corporations. Thus, on back of buoyant outlook for 2H FY07 and initiatives to further penetrate into the export market, we are revising our volumes estimates by 9% for FY07E and by 12% for FY08E. We are also revising our FY07E earnings to Rs 3.1 (up 3%) and FY08E earnings to Rs 4.1 (up 13.8%). Based on our revised earnings, we increase our target price to Rs 50 from earlier Rs 44. We maintain our Buy rating on the stock.”
|
Stock Advice
|
|
|
Business
Business News | Economy | Earnings | BSE NSE Notices
General News
Current Affairs | Politics | World News | Sports | Entertainment
Corporate Strategy
Management | Advertising | Marketing | Legal
Personal Finance
Tax | Insurance | Credit Cards | Loans | Property | Retirement | Investment Help | Financial Planning | Fixed Income
Markets
Local Market | Global Market | Market Cues | Analysis | Expert & FII outlook | Brokerage Recomendation
Stocks
Stocks in News | Expert Advice | ADRs & GDRs | IPO
Mutual Funds
News | Advice | MF Analysis | Fund Managers Views
Lifestyle
Travel | Wellness | Technology | Auto| Books
-
Most Read
-
Most Viewed
- 10 Companies that FIIs love
- Corrections in '10 to be more aggressive, violent: JPMorgan

- 10 companies that MF managers love
- Bollywood actress Shilpa Shetty marries Raj Kundra
- Ignore Buffett, gold`s time has come
- LyondellBasell development positive for RIL: PN Vijay

- Accumulate Bharti Airtel: Phani Sekhar

- Ganeshaspeaks: Market prediction for Nov 23
- Positive global cues, RIL power markets
Source: CNBC-TV18
- Hindalco launches $600m QIP book at Rs 130.9/sh
Source: CNBC-TV18
- Telecom woes: Lower tariffs, consolidation seen ahead
Source: CNBC-TV18
- Prestige Group ramps up investment plans
Source: CNBC-TV18
- China`s Haitong Securities buys Hong Kong rival
Source: ft.com
- KSIDC in pact with FACT for trade centre
Source: Business Line
- GIC Re may have to pay Rs100cr for IOC's Jaipur fire claims
Source: Business Line
- Co-operative dairies seek restraint on oil-meal exports
Source: Business Line






















