Tag: Stock Prices

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