Sell Ashok Leyland Limited and Eicher Motors Limited

Sell Ashok Leyland Limited:

Ashok Leyland Limited

Ashok Leyland Ltd has officially announced a consolidated sales of Rs. 6,000.28 Cr for the third quarter finished on 31-12-2020, which is 54.74% up from its previous quarter sales of Rs. 3,877.62 Cr and 15.20% up from its previous year same quarter sales of Rs. 5,208.53 Cr. The company has reported a net profit after tax of Rs. 38.41 Cr in the previous quarter.

Outlook:

Ashok Leyland Ltd: Experts suggested sell call at current market price: Rs. 111.85 with a target price: Rs. 104; Stoploss: Rs. 115.

Sell Eicher Motors Limited:

 

Eicher Motors Limited

 

Eicher Motors Ltd has officially announced a consolidated sales of Rs. 2,809.44 Cr for the third quarter finished on 31-12-2020, which is 31.68% up from its previous quarter sales of Rs. 2,133.60 Cr and 19.53% up from its previous year same quarter sales of Rs. 2,350.45 Cr. The company has reported a net profit after tax of Rs. 501.21 Cr in the previous quarter.

Outlook:

Eicher Motors Ltd: Experts suggested sell call at current market price: Rs. 2,396.25 with a target price: Rs. 2,350; Stoploss: Rs. 2,410.

 

Disclaimer: The perspectives and investment tips are given in this section are the expert’s own and not that of the website or its management. We encourage clients to check with certified experts before taking any position in the stocks/shares mentioned.

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