Tag Archives: Ashok

Future perfect: Short strangle may pay well as Ashok Leyland is range-bound

Despite the recent rally in Ashok Leyland, the long-long term outlook remains neutral only. However, in the short-term the stock may move with a positive bias. Only a break above Rs 110 or below Rs 70 will set a clear trend for Ashok Leyland. The stock finds an immediate resistance at Rs 93 and the support at Rs 74.65. While a ... Read More »

Ashok Leyland to Deliver 3,600 Buses to Various STUs

  Commercial Vehicle manufacturer Ashok Leyland recently bagged a massive order for close to 3,600 buses from various State Transport Undertakings in the country. The manufacturer says that it will be completing the deliveries for all the orders from all the STUs within the current financial year, i.e. till March, 2017. If we were to talk about Ashok Leyland’s domestic ... Read More »

Ashok Leyland Sales Rise Over 30% in January

New Delhi: Hinduja Group flagship firm Ashok Leyland on Monday reported a 30.47 per cent increase in total sales at 13,886 units last month. The company had sold 10,643 units in January 2015. Sales of medium and heavy commercial vehicles jumped 39.94 per cent to 11,208 units last month as against 8,009 units in the corresponding period a year ago, ... Read More »