Ashok Leyland rallies on July-Sept earnings

Fri Nov 9, 2012 12:40pm IST

Ashok Leyland Ltd Light Specialist (R) and Field Artillery Tractor vehicles are displayed at the fifth Land and Naval Systems Defence Expo 2008 in New Delhi February 18, 2008. REUTERS/B Mathur/Files

Ashok Leyland Ltd Light Specialist (R) and Field Artillery Tractor vehicles are displayed at the fifth Land and Naval Systems Defence Expo 2008 in New Delhi February 18, 2008.

Credit: Reuters/B Mathur/Files

Related Topics

Stocks

   

Reuters Market Eye - Shares in Ashok Leyland (ASOK.NS) gain as much as 6.4 percent a day after India's second-biggest bus and truck maker posted July-September earnings that were above forecasts.

IDFC upgrades Ashok Leyland to 'outperform', retaining its target price at 31 rupees, saying earnings were "significantly ahead of estimates."

IDFC says the auto maker will benefit from a cyclical upturn in the sector while Ashok Leyland shares have under-performed in the recent market rally.

Ashok Leyland shares up 5.2 percent at 25.35 rupees as of 10:20 a.m.

FILED UNDER:
  • Most Popular
  • Most Shared

Coal

REUTERS SHOWCASE

Kotak-ING Deal

Kotak-ING Deal

Kotak Mahindra to acquire ING Vysya Bank  Full Article 

Ranbaxy in U.S.

Ranbaxy in U.S.

U.S. court overturns bid by Ranbaxy to block launch of rival generic drugs.  Full Article 

Edible Oil

Edible Oil

Indians get taste for branded edible oil as prices drop, incomes rise.  Full Article 

Financial Tech CEO

Financial Tech CEO

Financial Tech founder steps down as CEO   Full Article 

Canpotex Deal

Canpotex Deal

Canpotex signs potash sales deals to India  Full Article 

Tech Acquisition

Tech Acquisition

Tech Mahindra to buy U.S.-based network services operator for $240 million   Full Article 

Fired for Overbilling

Fired for Overbilling

Infosys unit's overbilling Apple led to exit of top execs - sources.  Full Article 

Real Estate Investment

Real Estate Investment

JM Financial subsidiary gets $87 mln from Vikram Pandit-led fund  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage