Stock Analysis: Ashok Leyland Ltd

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Introduction:
Ashok Leyland is the flagship Company of the Hinduja group, having a long-standing presence in the domestic medium and heavy commercial vehicle (M&HCV) segment.
Fundamentals:
Market Cap: ₹ 57,741 Cr.;
Stock P/E: 20.7 (Ind. P/E: 18.84); 👎
ROCE: 15.0% 👎; ROE: 28.4% 👍;
PEG Ratio: 0.22 👍
3 Years Sales Growth: 33% 👍
3 Years Compounded Profit Growth: 206 % 👍
3 Years Stock Price CAGR: 21% 👍
Technicals:
Ashok Leyland has been in a downtrend since attaining 262 levels in Aug 2024.
The stock price has fallen below all the significant support levels like 20, 50, and 100 EMAs.
Resistance levels: 237, 262
Support levels: 193, 178
Cons:
Promoters have pledged 30.1% of their holding
FII/FPI decreased their shareholding last quarter
Companies with High Debt

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