Sanjiv Bhasin, Director, IIFL Securities, in a market update, expressed optimism about the ongoing market rally, expecting Nifty to reach an all-time high. He recommended Federal Bank, PNB, and SW Solar as top picks, emphasizing SW Solar's growth potential. In the auto sector, he favored Ashok Leyland, Maruti, and Apollo Tyres. Bhasin highlighted the strong performance of oil marketing companies like IOC, HCL, and BPL, attributing it to favorable refining margins. He suggested investors consider the CPS ETF for exposure to quality PSU stocks.





#sanjivbhasin  #nikunjdalmia #etnow #stocknews #sanjivbhasinlatest #stockmarkets #sanjivbhasintrading #stockinnews #stocks

Sanjiv Bhasin's Top Stock Picks: Federal Bank, PNB & SW Solar Shine In Current Market Optimism

Sales of medium and heavy commercial vehicles slipped by 10% in domestic and overseas registering 8,500 units in November 2023, as against 9,474 units sold in the same month of last year.

Ashok Leyland Posts 3% Dip In Total Sales In November

Stocks to watch: Shares of firms like Tata Motors, Dabur, Religare, Wipro, Ashok Leyland, Zee, and others will be in focus on Friday’s trade.

Stocks to Watch: Tata Motors, Dabur, Religare, Wipro, Ashok Leyland, Zee, and Others - News18

Ashok Leyland has reported a robust September quarter on the back of increased volume growth. 

MD & CEO Shenu Agarwal discusses the company's performance and outlook for coming quarters. #BQLive  

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Q2 Review: Ashok Leyland Profit Up 3x, Margins Expand | BQ Prime

Ashok Leyland’s Q2 revenues rise to Rs 9,638 crore from Rs 8,266 crore in the second quarter of FY23

Ashok Leyland Q2 Results: PAT Nearly Triples to Rs 561 Crore in September 2023 Quarter - News18

The commercial vehicle maker’s consolidated net profit stood at Rs 526 crore, as compared with a profit of Rs 164 crore last year.

Ashok Leyland Q2 Results: Profit Beats Estimates As Margin Expands

We present our top nine Diwali investment ideas, indicating enduring charm and light for long-term success amid uncertain times.

Diwali 2023 Picks - Ashok Leyland, Tata Motors, Bajaj Finance Among Top Nine Investment Ideas By KRChoksey

Here’s a look at how India’s automakers’ sales fared in the month gone by.

Auto Sales In October 2023: Ashok Leyland’s Dispatches Rise Across Categories

The latest order boosts its order book from state transport undertakings to over 4,000 buses, according to the company.

Ashok Leyland Bags Order For 1,282 Buses From Gujarat State Road Transport Corporation

ALL expects to continue all-round growth in CV industry due to Centre’s focus on infra dev. Govt initiatives such as Scrappage Policy, Nat’l Infra Pipeline, dedicated freight corridors, and multimodal logistics parks to benefit CV industry. ALL plans to expand presence, enter sub-2.0 tonnes segment,…

Growth momentum in CV industry to continue till next year, says Ashok Leyland MD Shenu Agarwal

There is a realisation in the industry that profitability needs to rise as it looks to invest in cleaner fuel vehicles, he said.

Truckmakers’ Margins Need To Widen For Green Transition, Says Ashok Leyland CEO

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Ashok Leyland Limited is a company is engaged in the manufacture of commercial vehicles and related components.