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Buy Ashok Leyland, target price Rs 145: Emkay Global

Updated at : 2022-04-27 10:25:03

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Ashok Leyland Ltd. key Products/Revenue Segments include Commercial Vehicles, Spare Parts & Others, Sale of services, Engine & Gensets, Ferrous Castings, Scrap, Export Incentives and Other Operating Revenue for the year ending 31-Mar-2021.

“One of the things we are doing and advising clients to do is to look for stocks where dividend yields are really high. Buy them and do not worry if the stock prices fall. They will come back. I find Infosys a tad expensive at this price but I am not going to sell. If you are beginning to build a portfolio, this is a fundamentally strong stock which you should add to your portfolio. On the other hand, Bajaj Finance is an avoid”

“In the case of Reliance Industries, the gross refining margins are going to be about $12 to $18 depending upon the type of the crude. Every $1 of GRM increase adds about 4-5% to EPS growth. So Reliance Industries is extremely well positioned. All its other businesses retail, telecom are doing well and its refining business is going to show really good numbers this quarter.”

Adani Ports is a high beta stock and the consensus recommendation from 19 analysts for Adani Ports & Special Economic Zone Ltd. is a buy at current levels, Trendlyne data showed.

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Jefferies finds Macrotech Developers stock worth Rs 1,475. Growth deleveraging dynamic stays intact, it said, citing a further one-third net reduction for India business.

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Sanofi India Ltd., incorporated in the year 1956, is a Mid Cap company (having a market cap of Rs 16181.43 Crore) operating in Pharmaceuticals sector.

The global cryptocurrency market cap was trading lower at $1.77 trillion, with a sharp fall of about 5 per cent in the last 24 hours. Meanwhile, the total cryptocurrency trading volume dropped about 2 per cent to $95.82 billion.

Buoyed by healthy consumer sentiments, Bajaj Finance reported its highest ever consolidated net profit at Rs 2,420 crore in the three months ended March. The figure is 80 per cent higher compared to Rs 1,347 crore posted in the year-ago period.

“I feel that the IPO will get a good subscription. Given the Rs 40 lakh crore AUM that LIC manages and the scale of the company, the war is a blessing in disguise for the company and the IPO should get good response and investors should invest in the company for the long term.”

HUL, Bajaj Auto, Trent, HDFC AMC, Indian Hotels, Persistent Systems, Syngene International, Hatsun Agro, KPR Mills, IEX and Supreme Petrochem are among the companies that will announce their March quarter results today.

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