Thursday, March 24, 2011

buy Ashok Leyland

Website www.subscriptionnarendranainani.blogspot.com

1 comment:

arun said...

The overall outlook for the domestic CV industry is positive, which is in its mid-cycle, with volumes expected to register a ~10% CAGR over FY2011–13E. Most of the factors that drive freight demand and consequently M&HCV demand are positive and CV manufacturers are benefiting from the economic recovery. At Rs50, ALL is trading at 12.4x FY2011E and 11.2x FY2013E EPS. We recommend Buy on ALL with a target price of Rs64.
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