Investing in Ashok Leyland now is out of question. Those who are holding it can exit at this level 32-34 which may not last long. The stock is expected to take a deep dive to levels around 10 on grounds of extremely disappointing results and poor sector outlook. Futures show decreased open interest and Options data shows extensive call writing at 35, 37.5 and 40 levels. This suggests that stock will not go above 35 at this month expiry. Hope this info helps...
Wah boss, life-time high expections out of life-time low earnings!! Be happy if it sustains even 30.. Better still, get out of this junk before it starts to RUST.
No chance of a 60. If the stock crosses 38 convincingly, it may head to 44 purely on technicals but this would be the place to exit. It is highly overvalued - currently at 30+ PE ratio. Also Price to Book is not great. The prospects are dampened by bad monsoons. And there is a lot of competition coming along with international players` entry into CV segment. The JNURM order is good for its bare survival only. Automatic transmission will hardly have any market in INdia due to its price, performance and preference in market. SO all in all, not a good counter to stay in. If market crashes, it will go to 22-25 region. You may pick up some to average at this level and then exit at cost.
keep averaging on dip in auto stocks.you all are now on the possitive cycle of this sector.auto sector is alwys climb in cycle.negative cycle has allready over.
Vikrant,
Probably you are discounting the bad monsoon and lower demand this year. Can You please explain why are you so bullish on Ashok Leyland. The only good thing is good divident track records.
| NIFTY 
