This Automobile Stock Will Give Good Returns In 2-3 Month’s.

Hello, Friends welcome to my blog sharespricetarget.com. Today I will share with you one of the automobile stocks with great potential and can deliver good returns to investors in the next couple of months. Many investors are keenly watching this auto stock, and many experts are predicting this stock will become a multi-bagger. Let’s see the full details.

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In, 2023 has been a great year in the stock market, there are many small and mid-cap stocks shown good results in the last quarter and gave good returns to investors. As well as the Indian stock market has hit new heights in recent days.

Automobile Stocks

There will be a huge demand in the automobile industry in recent times, so many companies are gaining more value due to the high demand in domestic and international markets.

The Last Three Years The company shares given returns to investors upto 187.29% and its ROE is 14.5% which is higher than its last 5 years CAGR Avg of 7.89%

Consolidate Financial resutls

Ashok Leyland is one of the biggest companies that deals with the manufacture and marketing of vehicles in the Indian automobile industry. This company shows good intent in recent times. So, many investors are interested to buy these Larg-Cap automobile stocks.

Ashok Leyland

Ashok Leyland is one of the leading automobile manufacturers in India. The company holds 33% of the commercial market share in the Indian domestic vehicle sector. In FY23 the posted very good results, as well as its shares gaining new heights in recent times.

And the company made new tie-ups and new vehicle launches in recent times. And many experts are expecting a bullish trend from Ashok Leyland Shares. Let’s see the company’s last Quarter results

• Revenue = 13.2TCr
• Net Income=752.53Cr
• Net Profit Margin =5.76%
• Diluted Earnings Per Share= 2.56%
• On Mar 23 its EPS was beaten By 21.15%

TradingView Chart For Ashok Leyland

Ashok Leyland Financial Ratios

Market Capitalization	47,447 Cr
P/E ratio	36.40
Debt to equity ratio	3.64
Sector P/E	27.67
52 W H/L value	170.55/133.10
Annual Revenue growth	24.7%
Current Market Price	Rs. 161.60
Dividend Yield	1.61%
Earnings Per Share	4.43

NOTE: We are not any registered financial body by SEBI, we provide information for educational purposes only. Please make sure before investing in Sharemarket to do your own research and seek advice from your financial advisor.

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