Ashok Leyland Ltd
ASHOKLEY

85.55

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

85.50

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

85.55

Open ()
Open Interest
(Contracts)
VWAP ()
Day's Vol
(shares)
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Reduce
Reco. Price
Rs 87.00
We recommend REDUCE on the stock on account of cautious outlook about the rising competition in higher tonnage segments.Also, current liquidity crunch due to de-monetisation drive is expected to affect industry growth. Valuations looks expensive at 20.5x FY18 P/E, as growth is set to moderate (Target Price-Rs 85).
Detailed View
50 DMA (.)
80.25
100 DMA (.)
82.65
200 DMA (.)
90.99
Weekly Range (.)
84.05
87.65
Monthly Range (.)
75.05
87.65
52 Weeks Range (.)
73.50
112.90
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