Ashok Leyland Ltd
ASHOKLEY

84.00

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

84.05

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

84.20

Open ()
Open Interest
(Contracts)
VWAP ()
Day's Vol
(shares)
Detailed Quote

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Reduce
Reco. Price
Rs 85.00
We recommend REDUCE on the stock on account of cautious outlook due to rising competition in higher tonnage segments. Also, the company experienced weak pre-buying due to fall in freight rates and fleet utilization. Its valuations look expensive at 21.2x FY18E P/E, as its growth is set to moderate (Target Price- Rs 85).
Detailed View
50 DMA (.)
90.37
100 DMA (.)
85.49
200 DMA (.)
87.58
Weekly Range (.)
80.75
88.40
Monthly Range (.)
80.75
93.40
52 Weeks Range (.)
73.50
112.90
Detailed Chart