Brokers’picks: Deutsche puts Ashok Leyland on sell
Cuts FY15 EPS estimate 77%, citing 28% dip in volumes and 150 bps fall in EBITDA margins.
By ET Bureau |
TARGET: Rs 11
CURRENT PRICE: Rs 15.40
Cuts FY15 EPS estimate 77%, citing 28% dip in volumes and 150 bps fall in EBITDA margins.
The down-cycle will persist longer than anticipated.
EBITDA margin forecasts cut to factor in lower capacity utilization and high level of discounts.
Q1 FY14 results were disappointing and show weak demand.
CURRENT PRICE: Rs 15.40
Cuts FY15 EPS estimate 77%, citing 28% dip in volumes and 150 bps fall in EBITDA margins.
The down-cycle will persist longer than anticipated.
EBITDA margin forecasts cut to factor in lower capacity utilization and high level of discounts.
Q1 FY14 results were disappointing and show weak demand.
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