Global ratings agency Fitch has upgraded the outlook of the Hinduja group auto firm Ashok Leyland to 'stable' from 'negative' on the back of the firm's improved performance in the domestic market.
Fitch has also reaffirmed Ashok Leyland's national long-term rating at 'AA-(ind)'-- which signifies 'expectations of very low default risk relative to other issuers' -- as also the company's Rs 75 crore long-term debenture programme.
The revision in outlook is underpinned by the significant improvement in Ashok Leyland's domestic sales volumes. Ashok Leyland's domestic sales in the medium and heavy commercial vehicles (M&HCV) segment went up by 22 per cent in 2009-10 to 57,139 units. During the first quarter of the current fiscal, the company has registered domestic sale of 19,243 units.crackcrack
| Company Name | CMP |
|---|---|
| Ashok Leyland | 175.75 |
| Force Motors | 21919.70 |
| Olectra Greentech | 1196.55 |
| Tata Motors | 438.25 |
| SML Mahindra | 4324.90 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: