Emkay maintains `HOLD` rating on Ashok Leyland

The analysts at Emkay say that Ashok Leyland`s Q2FY09 numbers were ahead of their expectation at operating level. While the net sales at Rs 18.7 billion (6.9% YoY growth) was in line with the expectation, adjusted EBIDTA at Rs 1.5 billion (6.1% YoY decline) was ahead of the estimates by 10%. More
Courtesy: indiacar.net

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