Business Daily from THE HINDU group of publications
Saturday, Sep 16, 2006
ePaper


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Home Page - Stock Markets
Markets - Stocks
Columns - Ear to the ground
Ashok Leyland turns active

The stock of Ashok Leyland Ltd (ALL) appreciated by almost 11.5 per cent month-on-month only to close at Rs 41.85 on the BSE on Friday. Apart from improved fundamentals, expectations of a strategic partner being inducted vis--vis the fact that the Hinduja Group has a large controlling stake in the company now, has been driving interest in this counter. This is expected to benefit the company in terms of better access to technology etc.

While industry growth for M&HCV growth is pegged at 15-16 per cent, analysts expect Ashok Leyland's volume growth to be around 16 per cent for FY-07 and 11 per cent for FY-08.

Marketmen said that ALLs recent acquisition and its entry into the LCV space is expected to provide incremental volume growth.

Deeptha Rajkumar

More Stories on : Stock Markets | Stocks | Ear to the ground | HCV/LCV/Tractors

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Hiring

Stories in this Section
Rainfall figures slip back into negative territory


International roaming to attract service tax
Reliance seeks spectrum for 3G trials
Kharif grains, oilseed output may fall this year
Decline in energy prices pegs inflation lower
NELP-VI attracts 165 bids from global, domestic majors
Tyre companies may roll back prices
BHEL to pay 145 pc dividend
Need to address wage inflation in sector: TCS
`Most banks unsure of services cost'
Raters yet to standardise norms for hybrids
Coffee output likely to exceed 2.74 lakh tonnes
Sensex closes above 12k level
Ashok Leyland turns active
Vimta Lab: Betting on clinical reference
Three PSBs ink pact for strategic collaboration
Govt plans to earmark 2.5 Ghz for Wi-Max
Highway development programme hits a dead-end


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line