Ashok Leyland Ltd
ASHOKLEY

94.90

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

94.95

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

94.80

Open ()
Open Interest
(Contracts)
VWAP ()
Day's Vol
(shares)
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Reduce
Reco. Price
Rs 93.65
We recommend REDUCE on the stock on account of cautious outlook about the rising competition in higher tonnage segments. Also, the expected pre-buying on account of fleet replacement regulations might take time. Its valuations look expensive at 22.2x FY18E P/E, as its growth is set to moderate (Target Price- Rs 85).
Detailed View
50 DMA (.)
85.84
100 DMA (.)
84.23
200 DMA (.)
89.39
Weekly Range (.)
90.65
94.90
Monthly Range (.)
85.40
97.00
52 Weeks Range (.)
73.50
112.90
Detailed Chart