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In Q1FY20, Ashok Leyland's volume decline was limited to 6 percent against around 9-18 percent degrowth for its competitors.
Net Sales are expected to decrease by 6 percent Y-o-Y (down 33.5 percent Q-o-Q) to Rs. 5,886.5 crore, according to Kotak.
Net Sales are expected to decrease by 7.9 percent Y-o-Y (down 34.9 percent Q-o-Q) to Rs. 5,758.9 crore, according to Prabhudas Lilladher.
Global brokerage houses have kept neutral to sell rating amid likely slowdown in sales in coming months that will result in muted earnings
Net Sales are expected to increase by 5.6 percent Y-o-Y (up 46.5 percent Q-o-Q) to Rs. 9,265.6 crore, according to Sharekhan.
Net Sales are expected to decrease by 1.7 percent Y-o-Y (up 36.3 percent Q-o-Q) to Rs. 8,623.2 crore, according to Prabhudas Lilladher.
Auto universe is expected to report a 28 percent YoY PAT decline on a modest base – a fourth consecutive quarter of double-digit PAT decline, Motilal Oswal said
Amid market volatility and weak demand outlook, the stock has corrected quite significantly, thereby making valuations attractive and offering investors a great buying opportunity
Net Sales are expected to increase by 18.5 percent Y-o-Y (down 5.5 percent Q-o-Q) to Rs. 7,549.6 crore, according to Motilal Oswal.
Net Sales are expected to decrease by 10.9 percent Y-o-Y (down 16.4 percent Q-o-Q) to Rs. 6,360 crore, according to Motilal Oswal
We continue to maintain our positive outlook on the company. However, investors need to watch out for its succession plan
The profit is likely to be in the range of Rs 330-583 crore for the quarter under review.
Net Sales are expected to increase by 29 percent Y-o-Y (up 24.8 percent Q-o-Q) to Rs. 7,800 crore, according to Prabhudas Lilladher.
Net Sales are expected to increase by 26.8 percent Y-o-Y (up 22.7 percent Q-o-Q) to Rs. 7,670.1 crore, according to Motilal Oswal.
Consumption sectors (FMCG, durables, autos), though on a soft base, post noticeable volume growth for a consecutive quarter.
We see numerous opportunities for the company such as more organised players in the economy, strong exports, robust industry prospects, its defence strategy and focus on electric vehicles
Net Sales are expected to increase by 51.4 percent Y-o-Y (down 26.8 percent Q-o-Q) to Rs. 6,420 crore, according to HDFC Securities.
Net Sales are expected to increase by 53.8 percent Y-o-Y (down 25.7 percent Q-o-Q) to Rs. 6,519.2 crore, according to ICICI Direct.
Automobiles sector will report a stellar quarter in Q1 led by strong recovery in rural demand, government spending on infrastructure, new launches and low base with Ashok Leyland, Bajaj Auto, Hero MotoCorp, Lumax Auto, JBM Auto and Jamna Auto being the top picks from the space.
We see numerous tailwinds for the company such as more organised players in the economy, strong exports, its defence strategy and focus on electric vehicles (EVs).
Net Sales are expected to increase by 32.5 percent Y-o-Y (up 23.3 percent Q-o-Q) to Rs. 8,770.9 crore, according to KR Choksey.
Net Sales are expected to increase by 32.7 percent Y-o-Y (up 23.5 percent Q-o-Q) to Rs. 8,780 crore, according to HDFC Securities.