Ashok Leyland is already our proven multibagger from the Auto sector. I had shared bullish views during MMB discussions about this stock at levels of Rs.14. It has reached levels of Rs.60+ (as of January’2015) giving huge returns to me and many friends who have invested in this stock. Even though heavy money minting has taken place, this stock is still expected to give huge returns in future. A real long-term multi-bagger in the making for all those holding it tight!
BSE Id for Ashok Leyland – 500477
NSE Id for Ashok Leyland – ASHOKLEY
Current Ashok Leyland Share Price (as on 18th January’15) – INR 60.35
Arvind Bajaj’s views for discussion on Ashok Leyland
With several breakouts possible in future, this stock has lot of potential to grow multiple times in the long term.
My Personal Bullish Expected Levels for Ashok Leyland – As high as possible; a real multi-bagger for long term.
Background for Ashok Leyland
This is the second largest manufacturer for commercial vehicles in India. Precisely, it is the fourth largest manufacturer of buses all over the world and 16th largest truck manufacturer in the world. This company has managed to leave a footprint in over 50 countries and gets counted among the most completely integrated manufacturing companies in our (India, Asia) side of the world.
You can access further information about this company at: Ashok Leyland Official Website
NOTE: The above information is purely my own personal take / view on Ashok Leyland based after my analysis. I am not at all a certified Stock Analyst or Stock Broker or Research Analyst. All my readers of this blog are advised to perform their own analysis and consult any authorized research analyst or financial advisor before taking their investment decision.