Tuesday, August 6, 2013

Ashok Leyland Ltd :Wait

Namasthe Mahesh ji, Could you let me know your views on Ashok Leyland. I have 350 shares at an average price of 26/-. I am long term investor viz 3 to 4 yrs  Can i buy more quantity at this price or should i wait some more time. Thank you Goverdhan 
1.Ashok Leyland Ltd is a 1 rupee face value commercial vehicals company. 
2.Ashok Leyland Ltd traded on his year low @ 11.84 Year high of Ashok Leyland Ltd is 28.70 so this situation is very bad and i always avoid a stock which down more then 50 % from year high and traded near on year low. 
3.In June 13 company turn in to a loss making company. 
4. Promoters holding in Ashok Leyland Ltd is 38.61% and FII holding 17.07% which are normals. 
5.So i think Ashok Leyland Ltd is not a bad stock but due to his technical weakness you may wait some time for fresh buy. 
6. I have no any stock of Ashok leyland ltd.

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