Re: {LONGTERMINVESTORS} Ashok Leyland....thread

[RAJESH DESAI]

Hi Indinomics,

KOTAK is in agreement with your views. Pfa.

On Fri, Jul 6, 2012 at 10:00 AM, Indinomics <indin...@gmail.com> wrote:

Hi!

Please share the JP Morgan report on Ashok Leyland, as I believe that stock is poised for 29 & 32 target in short term.

With warm reg,

Indinomics

Sent on my BlackBerry®

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From: Rangrajan C <rangr...@gmail.com>

Sender: longterminve...@googlegroups.com

Date: Thu, 5 Jul 2012 18:48:05 +0530

To: <longterminve...@googlegroups.com>

ReplyTo: longterminve...@googlegroups.com

Cc: DAILY REPORTS<daily-r...@googlegroups.com>; <library-of-eq...@googlegroups.com>

Subject: Re: {LONGTERMINVESTORS} Ashok Leyland....thread

Ashok Leyland

Brokerage: JPMorgan

Rating: Underweight

Target: Rs 25

Rationale: The management is guiding to a challenging environment and has lowered their industry guidance to 3% which will partially offset the benefit of the price hikes taken through the year. These factors will impact near term profitability.

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CA. Rajesh Desai

[RAJESH DESAI]

pfa


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CA. Rajesh Desai

[RAJESH DESAI]

NSEI Block Deal: Ashok Leyland 2617079 shares at 24.40 INR

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CA. Rajesh Desai

[Rajesh Desai]

Ashok Leyland to launch three vehicles, invest Rs.600 crore in 2013-14

Commercial vehicle major Ashok Leyland Ltd will be launching three new vehicles, including a passenger carrier, and investing around Rs.600 crore this year while rejigging its organisational structure in line with its mission to be one of the top 10 truck-makers and top five bus-makers in the world.

Ashok Leyland will be launching Stile -- a light commercial vehicle that can be used as a passenger (six seater) or a cargo carrier by removing the seats. Ashok Leyland will launch two cargo carriers Boss (8-15 ton gross vehicle weight-GVW) and Partner (5-6 tonner).

Queried about the time line for Ashok Leyland to become one of the top ten truck- and top five bus-maker in the world. Ashok Leyland did have a five-year time-frame but the markets have changed. For Ashok Leyland it is more of a goal. However, last year, company have become one of the top four bus-makers in the world.

Looking back at the fiscal 2012-13, the company gained a market share of three percent in a tough medium and heavy commercial vehicles (M&HCV) market where the volumes fell and the discounts on new vehicles raged.

company expanded its distribution network majorly in northern markets and 20 percent of last year's sales were from the new dealers. The company also increased its income from spares sales to Rs.1,116 crore with the opening of Leyland Shoppes and plans are there to open 200 more outlets this year.

The company increased its genset sales last fiscal and sales of its Dost-LCV too were very good.

Ashok Leyland expect that while the market is likely to fall slightly in the first half compared to the previous year, expect some improvements in the second half of the year.

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CA. Rajesh Desai