Buy Ashok Leyland, target price Rs 153: Motilal Oswal

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Buy Ashok Leyland, target price Rs 153:  Motilal Oswal


Motilal Oswal has buy call on with a target price of Rs 153. The current market price of Ashok Leyland Ltd. is Rs 113.8.

Ashok Leyland Ltd., incorporated in the year 1948, is a Large Cap company (having a market cap of Rs 33699.85 Crore) operating in Auto sector.

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 6000.28 Crore, up 54.74 % from last quarter Total Income of Rs 3877.62 Crore and up 15.20 % from last year same quarter Total Income of Rs 5208.53 Crore. Company reported net profit after tax of Rs 38.41 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 51.1 per cent stake in the company as of Dec 30, 2020, while FIIs held 17 per cent, DIIs 17.6 per cent and public and others 14.3 per cent.



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