INSUBCONTINENT EXCLUSIVE:
Manas Jaiswal of manasjaiswal.com has a sell call on Ashok Leyland Ltd
with a target price of Rs 98
The current market price of Ashok Leyland Ltd
is Rs 108.3 Time period given by the analyst is Intra Day when Ashok Leyland Ltd
price can reach the defined target
Manas Jaiswal recommended to keep stoploss at Rs 113
Ashok Leyland Ltd., incorporated in 1948, is a largecap company with a market cap of
Rs 31791.76 crore.
Ashok Leyland Ltd
key Products/Revenue Segments include Commercial Vehicles which contributed Rs 23059.48 Crore to Sales Value (85.63 % of Total Sales), Spare
Parts Others which contributed Rs 1980.32 Crore to Sales Value (7.35 % of Total Sales), Other Operating Revenue which contributed Rs 531.02
Crore to Sales Value (1.97 % of Total Sales), Ferrous Castings which contributed Rs 512.54 Crore to Sales Value (1.90 % of Total Sales),
Engine Gensets which contributed Rs 429.66 Crore to Sales Value (1.59 % of Total Sales), Other Services which contributed Rs 230.56 Crore
to Sales Value (0.85 % of Total Sales), Scrap which contributed Rs 99.85 Crore to Sales Value (0.37 % of Total Sales) and Export Incentives
which contributed Rs 83.25 Crore to Sales Value (0.30 % of Total Sales)for the year ending 31-Mar-2018
For the quarter ended 30-06-2018, the company has reported a Standalone sales of Rs 6250.13 Crore, down -28.75 % from last quarter Sales of
Rs 8772.49 Crore and up 47.49 % from last year same quarter Sales of Rs 4237.78 Crore Company has reported net profit after tax of Rs 370.10
The company’s top management includes Dr.Andreas H Biagosch, Dr.Andrew C Palmer, Mr.D L Balaji Rao, Mr.Dheeraj G Hinduja, Mr.Jean Brunol,
Mr.Jose Maria Alapont, Mr.Manisha Girotra, Mr.R J Shahaney, Mr.Sanjay K Asher, Mr.Sudhindar K Khanna, Mr.Vinod K Dasari
Company has Price Waterhouse Co Chartered Accountants LLP as its auditoRs As on 30-06-2018, the company has a total of 2,935,127,276 shares
