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Ashok Leyland: Weak Q2, but sharp price fall makes it a long-term candidate

November 13, 2019 / 09:06 AM IST
Ashok Leyland: Weak Q2, but sharp price fall makes it a long-term candidate

Ashok Leyland (AL) (CMP: 79.2, Mcap: 23,249 crore) has posted a weak performance in the September quarter. The economic slowdown and lacklustre demand led to a significant decline in volumes, hurting both sales and profitability. The industry outlook for domestic and export markets remains weak in the short term. However, the long-term outlook is positive due to the government’s focus on infrastructure and mining activities, which in turn augurs well for demand for heavy vehicles. Also, a strong position in...

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