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:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Markets

REUTERS SHOWCASE

Segway in India

Segway in India

Segway’s India business pegs hope on tech-savvy Modi  Full Article 

Power Outage

Power Outage

Mumbai hit by power cuts  Full Article 

Commodities

Commodities

Gold imports, premiums to jump on festive demand - top refiner  Full Article 

Economic Worries

Economic Worries

Pakistan's promises to IMF in doubt as protests sap economy   Full Article 

Islamic Finance

Islamic Finance

Basel III deposit challenge looms over Islamic banks   Full Article 

Antitrust Probes

Antitrust Probes

U.S. business lobby says concerned China antitrust probes unfair.  Full Article 

Reuters India Mobile

Reuters India Mobile

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