Sukhani told CNBC-TV18, "Ashok Leyland has been a remarkable stock because it did not correct to its 2008 lows, as many of the other stocks did. So in that sense it shows relative strength. Now Ashok Leyland at Rs 30 is probably an investment buying opportunity. It's not a day trade because today the markets are sliding, so there is no need to actually buy anything. But for an investor the current prices are just beginning to suggest a significant up move is ahead."
The company's trailing 12-month (TTM) EPS was at Rs 4.75 per share. (Dec, 2011). The stock's price-to-earnings (P/E) ratio was 6.38. The latest book value of the company is Rs 9.99 per share. At current value, the price-to-book value of the company was 3.03. The dividend yield of the company was 6.6%.
