/ Ashok Leyland Gains On Price Hike Reports ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 6 January 2017

Ashok Leyland, a Hinduja Group company has announced that it will increase prices of its products by 65000-1.25 lakh. The stock is gaining traction even as broader markets is declining with Sensex shedding almost 240 points from its highs. Auto makers have been offering discount in order to attract customer in this season, in the passenger vehicle segment.

Ashok Leyland has bucked the trend by announcing the price hike for its products. The stock has underperformed the sectoral index i.e BSE auto and Sensex by delivering a negative return of 8.58% over one year period. The auto industry has done well in the year 2016 and is expected to be one of the biggest beneficiaries of Make in India initiative by the current government.

Other auto index constituents like Eicher motors , BOSCH, Mothersome Sumi and Exide Industries are all trading in green. The BSE Auto index is down by 0.30%.
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