Atrump Games

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Ashok Leyland hit by Slowdown in Medium & Heavy Commercial Vehicle - Invest With Medium to Long Term View

Ashok Leyland witnessed another weak mostly sales.Company managed to sales only 12057 vehicles during Set 2016 and experienced 18.4% de growth YoY. 

The slow down trigger point is low takeoff of medium and heavy commercial vehicle. Ashok Leyland major South Indian states experienced heavy rain and flood during September and that may have dented the sales.

On the onset of good monsoon and start of holiday season, it is expected that the demand for affected vehicle segment will grow. The share price is down 30% plus from its peak and it's the right time to keep accumulating the share with medium to long term view. I recommend not playing in F&O market.

Disclaimer: Please consult your financial advisor before investing                         
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About Devendra Prasad

20 years plus industry veteran of domestic and international ICT domain with the expertise in Business, Technology, Strategy and Analysis. Specializes in forecasting impact analysis, trends and recommendations for Investments, Technology and Regulations.
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