English
Specials
    Upgrade
    MoneycontrolBe a PRO
    Moneycontrol PRO
    you are here: HomeNewsBusinessMoneycontrol Research

    Ashok Leyland: Sector tailwinds add to its horsepower

    A strong product portfolio and an increase in market share augur well for the company

    Nitin Agrawal
    May 25, 2023 / 08:40 AM IST
    Ashok Leyland: Sector tailwinds add to its horsepower

    AL

    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
    -      Medium-term triggers China plus and protectionist measures for tyre industry
    -      Valuations not inexpensive; but improved medium-term outlook

    Highlights Sectoral tailwinds helped AL post strong set of numbers in Q4 FY23 Operating leverage coupled with softening of RM prices helped operating margins Business outlook promising as there continues to be momentum in demand Valuations look reasonable, accumulate for long term Ashok Leyland (AL; CMP: Rs 151.1, M Cap: Rs 44,100 crore) posted a strong set of numbers in Q4 FY23, helped by sectoral tailwinds, such as strong demand, better supply of semiconductor chips, and lower raw material (RM) prices. The outlook is promising...

    • PRO Panorama

      Moneycontrol Pro Panorama | The gap between sentiment and data

      Jun 9, 2023 / 02:52 PM IST

      In today’s edition of Moneycontrol Pro Panorama: Indian startups face headwinds, defiant Indian economy not yet out of the woods...

      Read Now
    • PRO Weekender

      Moneycontrol Pro Weekender: Things fall apart

      Apr 22, 2023 / 11:16 AM IST

      The mainstream is coming around to the view that geopolitics will result in a fragmented global economy and we will not go back to...

      Read Now

    To read the full story, Subscribe to Moneycontrol PRO

    Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

    View Plans

    Already a member? Sign in

    Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

    50% OFF

    What Do You Get

    • Ad free experience

      Experience a non-intrusive navigation and faster response in the ad free mode

    • Sharpest Opinions

      Access to 230+ exclusive stories per month from our editorial and Experts

    • +

      Have a Global edge with access to content from world renowned experts and journalist

    • Actionable Insights

      Access to 40+ weekly investment ideas including 4 daily technical calls

    • Virtual Events

      Exclusive access to live webinars from market experts on trading and investment strategies

    • Newsletters

      Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

    View Offers

    Get upto 50% discount on limited period offers