Q3 hopes drive up Ashok Leyland
DALAL STREET SPIKES
| More than 1.94 lakh shares were traded on the BSE. The counter has moved up on the bourses on the back of good buying interest in the last few months. |
| Players point out that the company is expected to post strong Q3 results on the back of strong vehicle sales and continued cost cutting. |
| The company is witnessing a cyclical uptrend in the commercial vehicles segment. This has a strong co-relation with the country's economic growth, say market sources. Ashok Leyland reported a 39 per cent rise in sales at 28,439 units for April-November 2003. |
| Sales are expected to be good on the back of a good monsoon and falling interest rates. |