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LORD JESUS CHRIST SAYS

“Ask and it will be given to you; seek and you will find; knock and the door will be opened to you. For everyone who asks receives; the one who seeks finds; and to the one who knocks, the door will be opened. Matthew 7:7-8

4 Nov 2018

STOCK MARKET--Can we buy Ashok Leyland shares?


Before deciding whether you should buy Ashok Leyland stocks or not, you must take these points into consideration:
·         In the financial year 2017-18, the Y-O-Y revenue and net profit growth were noted to be 33% and 40% respectively and the revenue and net profit growth for the financial year 2017-18 was estimated to be 24% and 28% respectively.
·         The demand for the commercial vehicle with high tonnage was predicted to be high for the financial year 2018-19.
·         Ashok Leyland has shown a 21 percent jump in medium and heavy commercial vehicles sales during the month of September 2018
·         For the period April-September 2018, the total sales rose by 35%
Considering the developments in the company since last 2 years, we can say that, it is safe to invest in Ashok Leyland shares. The company’s margins are also expected to stay up because of higher capacity utilization and improvement in the operating leverage

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