BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Centrum Broking Report
We are optimistic on Ashok Leyland Ltd. as we believe that the commercial vehicle industry is getting into an economic recovery led upcycle for the next two to three years.
CV industry declined by 29%/21% in FY19/FY20 pushing the sales down to a decade low levels.
Since, CV industry is highly dependent on the gross domestic product with a correlation of 0.9, we expect a strong recovery in CV cycle on a low base as India's GDP is expected to grow at low double digits in FY22.
Over the last few years, the company has strengthened its light commercial vehicle portfolio and has gained market share.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
