Tag: Ashok Leyland

Govt’s capex plans likely to get renewed push from RBI windfall

Source: economictimes.indiatimes.com An additional windfall of Rs 58,000 crore from the Reserve Bank of India (RBI) over and above the budgeted estimate may prompt the government to increase capital expenditure (capex). Companies including ACE Construction, Ashok LeylandNSE -1.50 %, Escorts, L&T, Sandhar Technologies and Tata MotorsNSE -1.76 % are dependent on the government’s capital expenditure

Market Headstart: Nifty likely to open flat; Ashok Leyland, Bank of India top sell ideas

Source: moneycontrol.com The Nifty50 is expected to open flat-to-lower on Friday tracking Asian markets which were trading mixed ahead of the Federal Reserve Chair Jerome Powell’s speech in Jackson Hole, Wyoming, for clues on the central bank’s monetary policy. US stocks ended mostly higher on Thursday. The Dow Jones Industrial Average rose 49.51 points to

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

Source: financialexpress.com 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: business-standard.com 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: business-standard.com 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