Ashok

Ideas for Profit | Ashok Leyland: Strong business available at an attractive valuation

February 18, 2019

In a very weak industry environment, Ashok Leyland (AL) posted a decent set of Q3 FY19 earnings. Though the company witnessed a decline in its volume and net revenue, it could maintain its operating profitability above 10 percent. The industry outlook for both domestic and export markets remains weak in the short term. However, the […]

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