Ashok Leyland Ltd. News and Updates

Name: Latest research reports of Ashok Leyland Ltd. authored by Chola Wealth Direct and published by - Trendlyne research reports.
Item: Ashok Leyland Ltd.
Rating: 5
Author: Chola Wealth Direct

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Ashok Leyland Ltd.

24 Jun 2017

130.23

-0.12%

Commercial vehicle makers bullish on fully built trucks, buses

Business Standard

With more emphasis on safety standards, original equipment maker (OEM) built ready to use commercial vehicles are likely to see traction in the coming years. Manufacturers like Ashok Leyland and Tata Motors expect demand for fully built vehicles (FBVs) to grow as legislation mandating manufacturers to build safer commercial vehicles (including safer cabins for drivers) is in the pipeline. Industry estimate puts the current proportion of fully-built vehicles sold by truck manufacturers at 20 per cent and this is set to grow to 40 per cent or so. Subrata Ray, senior group vice president, ICRA felt that with all the major manufacturers including Tata Motors Ltd (TML), Ashok Leyland Ltd (ALL) focussing on this segment, the share of OEM built FBVs can rise up to 40 per cent of overall industry volumes over the next few years. FBVs are basically ready-to-use commercial vehicles customised for the type of good to be transported."In times to come, OEM fitted FBVs will be the seeking trend by .

Ashok Leyland Ltd. has gained 22.32% in the last 6 Months

Ashok Leyland Ltd.

21 Jun 2017

130.23

-0.12%

Hinduja Leyland Finance calls off IPO plan

Business Standard

Hinduja Leyland Finance Ltd, a subsidiary of commercial vehicle major Ashok Leyland Ltd offering vehicle finance and loan against property has decided to call off its plans for an Initial Public Offering (IPO). The IPO was expected to take place last fiscal year.The company was expecting to raise around Rs 500 crore as equity through IPO. The IPO was planned during the last quarter of last year and with demonetisation, the company decided not to hit the market during the time."The Board of Directors of HLFL at their meeting held on May 23, 2017 had decided to withdraw the DRHP (Draft Red Herring Prospectus) and accordingly the DRHP had been withdrawn from SEBI on June 16, 2017," said a filing by the company in the Bombay Stock Exchange."The existing investors infused around Rs 250 crore into the company last year. We raised another Rs 100 crore during this quarter, which served the requirement of capital," said S Nagarajan, executive vice chairman of the company.Hinduja Group holds...

Geojit BNP Paribas released a Buy report for Ashok Leyland Ltd. with a price target of 150.0 on 28 Aug, 2025.

Raise topline, gain market share: CV makers bullish on fully built vehicles

Business Standard | 21 Jun 2017 2 more

Ashok Leyland Ltd.

20 Jun 2017

130.23

-0.12%

Polyhose buys construction gear unit of Ashok Leyland John Deere

Business Line

Facility near Chennai to start manufacturing attachments in three months

Geojit BNP Paribas released a Buy report for Ashok Leyland Ltd. with a price target of 150.0 on 28 Aug, 2025.

Ashok Leyland Ltd.

16 Jun 2017

130.23

-0.12%

Ashok Leyland unveils new range of intelligent' emission tech products

Business Line

Commercial vehicles manufacturer Ashok Leyland has unveiled a range of products based on Intelligent Exhaust Gas Recirculation (iEGR)' technology at its Zonal Conference 2017 here on Friday. The...

Ashok Leyland Ltd. has an average target of 145.25 from 10 brokers.

Ashok Leyland Ltd.

12 Jun 2017

130.23

-0.12%

Trading Calls: Buy Ashok Leyland, Apollo Hospitals, Say Experts

NDTV Profit

Market analysts Lovelesh Sharma and Simi Bhaumik share their short-term trading picks.

Geojit BNP Paribas released a Buy report for Ashok Leyland Ltd. with a price target of 150.0 on 28 Aug, 2025.

Ashok Leyland Ltd.

09 Jun 2017

130.23

-0.12%

Trading Calls: Buy Ashok Leyland, Federal Bank, Say Experts

NDTV Profit

Analysts share four trading picks for the short-term

Ashok Leyland Ltd. is trading above all available SMAs

Ashok Leyland Ltd.

02 Jun 2017, 07:01PM

130.23

-0.12%

EARNINGS 4QFY17 ASHOK LEYLAND

Buy: Ashok Leyland Ltd.

Target

Chola Wealth Direct

Background: Ashok Leyland (AL) (established 1948) is one of the leading commercial vehicle (CV) manufacturers in India. Part of the Hinduja group, the company operates out of seven manufacturing plants located in South India and one in Pant Nagar, Uttarakhand. The company's product range comprises of heavy/medium trucks and buses. The company has presence in 37 countries. Its volume composition: Ashok Leyland has more than 1,462 networks for sales as of FY16. ALL has many JVs: Nissan for LCVs, John-Deere for Construction Equipment, Irizar TVS for coach building, Alteams for High Pressure Aluminium die-castings, Continental for...

Ashok Leyland Ltd. is trading above all available SMAs

Ashok Leyland Ltd.

01 Jun 2017

130.23

-0.12%

Ashok Leyland's total sales drop 8% to 9,071 units in May

Business Standard

Ashok Leyland has reported a 18 per cent drop in M&HCV sales during the month of May. Company sold 6,139 units of M&HCV in May 2017 as against 7469 units, a year ago.LCV sales rose by 22 per cent to 2,932 units from 2,406 units.Total sales of the company dropped by eight per cent to 9,071 units in May 2017 from 9,875 units in May 2016.April 2017 to May 2017 company's M&HCV sales dropped by 30 per cent to 10,671 units from 15,342 units, a year ago. LCV sales rose by 16 per cent to 5490 units from 4715 units, a year ago.Total sales from April 2017 and May 2017 dropped by 19 per cent to 16,161 units from 20,057 units.ends

Ashok Leyland Ltd. has gained 22.32% in the last 6 Months

Ashok Leyland sales fall 8.14% in May

Business Line | 01 Jun 2017

Ashok Leyland Ltd.

31 May 2017

130.23

-0.12%

Ashok Leyland gains after huge block deal

Business Standard

At 09:21 am; around 10.98 million shares changed hand on the BSE in single block deal.

Ashok Leyland Ltd. has an average target of 145.25 from 10 brokers.

Ashok Leyland a good buy for medium term

Economic Times | 30 May 2017

Ashok Leyland Ltd.

30 May 2017

130.23

-0.12%

Ashok Leyland

Buy: Ashok Leyland Ltd.

Target

ICICI Securities Limited

Ashok Leyland's Q4FY17 results were above our estimates on all parameters. Revenues came in at | 6618 crore, up 11% YoY above our estimate of | 6464 crore. Total volumes increased 8% YoY to 47621 units, with MHCV volumes up 9.7% YoY to 38643 units, while LCV volumes grew 2.6% YoY to 8978 units. The beat on revenues may be on account of higher than estimated ASPs, which grew 3% against our estimated decline of 1% Reported EBITDA was at | 730 crore, down 9.4% YoY, vs. our...