- Ashok Leyland sold 14,463 vehicles in August 2024.
- This marks a 7.1% decrease compared to August 2023, where sales were 15,576 units.
- Local sales comprised 13,347 units in August 2024.
- Local sales saw an 8.2% drop compared to the same period last year.
- Current investment recommendations include 32 ‘buys’, 4 ‘holds’, and 8 ‘sells’.
- The figures are based on the company’s original disclosures.
A look at Ashok Leyland Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Ashok Leyland shows a promising long-term outlook. With high scores in Dividend and Growth, the company appears strong in rewarding investors and displaying potential for expansion. This indicates stability and profitability in the future.
Despite a lower score in Resilience, Ashok Leyland‘s overall performance seems positive. Its momentum score suggests a good trend in stock performance. Therefore, investors may find Ashok Leyland an attractive investment option for the long term.
#### Summary: Ashok Leyland Limited is a manufacturer of medium and heavy-duty commercial vehicles, as well as industrial & marine engines and spare parts. The company operates in India and internationally, offering a diverse range of products to various sectors including defense and transportation. ###
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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