MARKET EYE-India's Ashok Leyland rallies on July-Sept earnings

Fri Nov 9, 2012 10:22am IST

Related Topics

Stocks

   

* Shares in Ashok Leyland 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 0450
GMT.

 (manoj.dharra@thomsonreuters.com)
FILED UNDER:
  • Most Popular
  • Most Shared

Pending Reform

REUTERS SHOWCASE

Power Theft

Power Theft

India to invest $4 billion to tackle power theft  Full Article 

Debt Funds

Debt Funds

India monitors foreign flows into debt funds, may tighten rules  Full Article 

Bulgari Back in India

Bulgari Back in India

CEO: we shouldn’t have left India so we’re back  Full Article 

 Hindu "Modi-fication"

Hindu "Modi-fication"

Fears grow about Hindu "Modi-fication" of education  Full Article 

Weak Credit

Weak Credit

Hard to hit tax revenue target, credit weak - Jaitley  Full Article 

China Rate Cut

China Rate Cut

China surprises with interest rate cut to spur growth  Full Article 

Gold Imports

Gold Imports

RBI cautious on response to gold import surge  Full Article 

Economic Corridor

Economic Corridor

China commits $45.6 billion for economic corridor with Pakistan  Full Article 

Overseas Funds

Overseas Funds

RBI says overseas borrowed funds can be parked with banks in India  Full Article 

Reuters India Mobile

Reuters India Mobile

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