TataMotors Q3FY24 commentary on CV Revenue being up by 21% despite Qty sales rising only 1.1%; similarly just going by monthly sales figures, Ashok Leyland Qty sold is expected to drop by around 0.64% but would be interesting to see if the Revenue and Profits can rise and hence the stock price.
Btw from a longer term perspective if i view from P/B multiple, Ashok Leyland is only slightly expensive at 5.8 with 10 yr average at 4.8… Specially given the market currently.
Disclosure: holding but wary of the cyclical nature of CV
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