Buy Ashok Leyland, target Rs 143: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on Ashok Leyland Ltd. with a target price of Rs 143.. The current market price of Ashok Leyland Ltd. is Rs 136.45. Time period given by analyst is Intra Day when Ashok Leyland Ltd. price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 134.

Ashok Leyland Ltd., incorporated in 1948, is a largecap company with a market cap of Rs 40049.81 crore.

Ashok Leyland Ltd. key Products/Revenue Segments include Commercial Vehicles which contributed Rs 18872.23 Crore to Sales Value (86.60 % of Total Sales), Spare Parts & Others which contributed Rs 1672.94 Crore to Sales Value (7.67 % of Total Sales), Engine & Gensets which contributed Rs 406.97 Crore to Sales Value (1.86 % of Total Sales), Other Operating Revenue which contributed Rs 245.81 Crore to Sales Value (1.12 % of Total Sales), Ferrous Castings which contributed Rs 239.04 Crore to Sales Value (1.09 % of Total Sales), Other Services which contributed Rs 200.98 Crore to Sales Value (0.92 % of Total Sales), Scrap which contributed Rs 82.46 Crore to Sales Value (0.37 % of Total Sales) and Export Incentives which contributed Rs 70.28 Crore to Sales Value (0.32 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 31-03-2018, the company has reported a Standalone sales of Rs 8772.49 Crore, up 23.33 % from last quarter Sales of Rs 7113.16 Crore and up 32.56 % from last year same quarter Sales of Rs 6617.89 Crore Company has reported net profit after tax of Rs 667.38 Crore in latest quarter. The company’s top management includes Dr.Andreas H Biagosch, Dr.Andrew C Palmer, Mr.D L Balaji Rao, Mr.Dheeraj G Hinduja, Mr.Jean Brunol, Mr.Jose Maria Alapont, Mr.Manisha Girotra, Mr.R J Shahaney, Mr.Sanjay K Asher, Mr.Shardul S Shroff, Mr.Sudhindar K Khanna, Mr.Vinod K Dasari. Company has M S Krishnaswami & Rajan as its auditoRs As on 31-03-2018, the company has a total of 2,927,104,101 shares outstanding.