Please Share:: 
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Ashok Leyland bags exports order worth US$36.6mn
Ashok Leyland (ALL) has bagged an order worth US$36.6mn from the Government of
Tanzania to supply 723 trucks, buses and special application vehicles to be executed in the
current fiscal year. With the new order, ALL has increased its global footprint and is
aggressively expanding its network in the African market. The company has network offices
in Nigeria and Ghana in the West; Malawi and Mozambique in the South; and Kenya and
Tanzania in the East, apart from offices in South Africa and Egypt. ALL’s exports
performance, which is witnessing strong growth traction, will be further boosted by the new
order. ALL is targeting volume growth of over 20% yoy or ~12,000 units in the exports
market for FY2012E and has already achieved volumes of 4,649 units YTD in FY2012. We
maintain our Buy rating on the stock with a target price of `31.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Ashok Leyland bags exports order worth US$36.6mn
Ashok Leyland (ALL) has bagged an order worth US$36.6mn from the Government of
Tanzania to supply 723 trucks, buses and special application vehicles to be executed in the
current fiscal year. With the new order, ALL has increased its global footprint and is
aggressively expanding its network in the African market. The company has network offices
in Nigeria and Ghana in the West; Malawi and Mozambique in the South; and Kenya and
Tanzania in the East, apart from offices in South Africa and Egypt. ALL’s exports
performance, which is witnessing strong growth traction, will be further boosted by the new
order. ALL is targeting volume growth of over 20% yoy or ~12,000 units in the exports
market for FY2012E and has already achieved volumes of 4,649 units YTD in FY2012. We
maintain our Buy rating on the stock with a target price of `31.
No comments:
Post a Comment