Category: Ashok Leyland

Stock corner: ‘Buy’ Ashok Leyland, revenue growth was strong in FY19

Source: Ashok Leyland reported strong revenue growth in FY2019 led by strong volume growth in the domestic M&HCV and LCV markets. However, Ebitda margin declined due to intense competition and high discounting. The company generated negative free cash flow due to high working capital requirements. However, we expect the MHCV industry to grow at

Auto shares skid on weak June sales

Source: Shares of nine auto companies fell by 0.27% to 3.41% at 12:45 IST on the BSE after industry lobby SIAM reported a decline in vehicles sales across all categories in June 2019. Meanwhile, the S&P BSE Sensex was down by 216.88 points, or 0.56% to 38,513.94. The BSE S&P Auto index was down

Auto stocks skid; Maruti Suzuki, Hero MotoCorp, TVS Motor hit 52-week low

Source: Shares of automobile manufacturers, including auto ancillary companies, were reeling under pressure with the Nifty Auto index hitting 52-week low on Monday after no major direct measure to revive demand growth for the sector was announced in the Union Budget for the financial year 2019-20 (FY20). At 09:30 am, the counter was the biggest loser