Ashok Leyland is one of the major
driving force in Indian Commercial vehicle segment. Company recently moved out
of non strategic domain and realigned their business on its strong segment.
Company in last many months continuously showed growth in monthly sales. The flood
in Chennai impacted their production center and impacted the monthly sales
recently which dented the investor sentiments.
They are not the long term
investor but the F&O player who marked down the equity price. The company
share price went by 15% in the last 30 days and it's an opportunity for long
term investor to invest in company share. This kind of company share should be considered
as pension share because of their strong foothold in the market place through
quality product. I am expecting the bounce back of company share and won't be
surprised if the share price cross 150 in next 6 months on the back of strong
monsoon and festive season.
