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®From: Rangrajan C <rangr...@gmail.com>Sender: longterminve...@googlegroups.comDate: Thu, 5 Jul 2012 18:48:05 +0530ReplyTo: longterminve...@googlegroups.comCc: DAILY REPORTS<daily-r...@googlegroups.com>; <library-of-eq...@googlegroups.com>Subject: Re: {LONGTERMINVESTORS} Ashok Leyland....threadAshok 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.
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.