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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.

ETMarkets.com|
Updated: Jun 18, 2019, 09.08 AM IST
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Independent analyst Kunal Bothra has a sell call on Ashok Leyland Ltd. with a target price of Rs 80. The current market price of Ashok Leyland Ltd. is Rs 83.8 Time period given by analyst is Intra Day when Ashok Leyland Ltd. price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 85.5. Ashok Leyland Ltd., incorporated in 1948, has a market cap of Rs 25729.90 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 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.

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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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