Company Background :
Ashok Leyland Limited is a holding company. The Company is engaged in Commercial vehicles and related components. Through its subsidiaries, it is engaged in manufacturing and trading in Medium and Heavy Commercial Vehicle, Light Commercial Vehicles, Passenger vehicles, automotive aggregates, vehicle financing and engineering design services.
It offers a range of 18 to 80-seater buses under categories, such as city application and electric buses. It offers a range of trucks, which include long haul trucks, mining and construction trucks, and distribution trucks. It designs, develops and manufactures defense vehicles for armed forces. It offers Light Vehicles, which include DOST, PARTNER, STiLE and MiTR.
It offers power solutions for electric power generation, agricultural harvester combines, earth moving and construction equipment, and marine and other non-automotive applications. It has operations in India, Sri Lanka, Bangladesh, Mauritius, the Middle East and Africa.
Stock Performance:
During the last 1 year the scrip has given following returns
6 months - 37%
3 months - 49%
1 month - 1%
1 week - minus 3.5%
Recommendation :
Buy and add to your long-term portfolio. In the short term, Rs.150 will be a good resistance point. Q3 sales will be muted and the share price may hover around 130 levels till early 2018.
Investor can look at TVS Motor in the automobile sector which could give superior returns over next 10 years
Raghav
Equity Research Analyst
Smart Investor
Equity Research
No.24 Pattamal Plaza
3rd Cross Kammanahalli
BANGALORE 560084
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