Sell Ashok Leyland, target Rs 80: Kunal Bothra
Sell Ashok Leyland Ltd. at a price target of Rs 80.0 and a stoploss at Rs 85.5 from entry point.
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 31-03-2019, the company has reported a Standalone sales of Rs 8722.59 Crore, up 39.67 % from last quarter Sales of Rs 6245.21 Crore and down -.57 % from last year same quarter Sales of Rs 8772.49 Crore Company has reported net profit after tax of Rs 652.99 Crore in latest quarter. The company’s top management includes Dr.Andreas H Biagosch, Dr.Andrew C Palmer, Mr.D L Balaji Rao, Mr.Dheeraj G Hinduja, Mr.Gopal Mahadevan, Mr.Jean Brunol, Mr.Jose Maria Alapont, Mr.Manisha Girotra, Mr.R J Shahaney, Mr.Sanjay K Asher. Company has Price Waterhouse & Co Chartered Accountants LLP as its auditoRs As on 31-03-2019, the company has a total of 2,935,527,276 shares outstanding.