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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