Stay away from Ashok Leyland , says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, "Ashok Leyland, I don't think there are any patterns that suggest that it should be bought into. It went down all the way to Rs 20, recovered a lot of stocks have done that, but Ashok Leyland does not tell us that any basing pattern has been completed, a bullish reversal is in the offing, that it has not done. So, I would just stay away from it."
The company's trailing 12-month (TTM) EPS was at Rs 4.75 per share. (Sep, 2011). The stock's price-to-earnings (P/E) ratio was 5.66. 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 2.69. The dividend yield of the company was 7.43%.
