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Metha Advisory

@MethaAdvisory

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May 18 3:02 PM

Ashok Leyland bags order for 400 Minibuses from Senegal.

Ashok Leyland, flagship of the Hinduja Group, has received an order from Senegal. This order comes from Senbus Industries, a company assembling urban buses in Dakar. Ashok Leyland has signed a contract for supplying 400 units of Ashok Leyland Eagle 916 Minibuses valuing Euro 10.06Mn. This order comes after the successful operation of 475 buses to Senegal's Dakar Dem Dikk.

The Eagle 916 bus is a strong and sturdy platform, which has been developed exclusively for Africa. Featuring superior technology of inline pump with Euro Ill emission norms, maneuverability and fuel-efficiency, Eagle takes comfort, safety and profitability to the next level. Extensive on road product trials have been carried out with various customers in Africa. These buses have been tried and tested on numerous successful projects. The capital of Senegal will start receiving buses towards the end of June this year.

This project will provide mobility solutions to the country by expanding reach and covering the remote areas through AFTU, a leading private bus association of operator groups that run buses extensively across Senegal.

Speaking about this order, Mr. Arijit Dutta Chowdhury, Vice President - Project 81 Defence Sales, International Operations, Ashok Leyland, said, Ashok Leyland has been at the forefront of providing public transportation and to offer world-class solutions to Senegal. We are very pleased to receive this order from Senbus Industries. This order will be a starting phase to connect rural remote areas of Senegal to urban cities and to promote sustainable mobility. This will further empower the private transport sector in Senegal under AFTU.

A special aspect of this project is that Senbus Industries will be supplied with Semi Knocked Down buses and Ashok Leyland will be collaborating with Senbus on assembling them locally in Senegal. Ashok Leyland's team of engineers will work extensively with the skilled team at Senbus for vehicle assembly, delivering high quality finished products and aftersales support. A full-fledged workshop is also being planned at Dakar by Senbus Industries.

Ashok Leyland is currently the 4th largest manufacturer of buses in the world and India's largest bus manufacturer. This order would further consolidate its leadership position.
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May 16 10:17 AM
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May 16 10:16 AM
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May 16 2:40 AM

Nifty has formed an Inside bar on the daily chart. The breakout range is between 11,108 and 11,294. As per the wave structure, there is scope for the last leg of the pullback to play out on the upside. If the bulls manage to surpass the swing high of 11,294, Nifty can stretch towards 11,370-11,400
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May 16 2:40 AM

Nifty has formed an Inside bar on the daily chart. The breakout range is between 11,108 and 11,294. As per the wave structure, there is scope for the last leg of the pullback to play out on the upside. If the bulls manage to surpass the swing high of 11,294, Nifty can stretch towards 11,370-11,400
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May 15 1:53 AM

Good Morning
Todays Watchlist
Reliance
All Banking ( Kotak, Hdfc, Indusind)
Tata steel
MGL
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May 14 9:04 AM
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May 14 5:12 AM

BUY AUROPHARMA 700 CALL ABOVE 35 Targ 40 SL 32
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May 14 3:36 AM

Economic Times
Business Standard

Ø Automated GST refund for exporters by next month
Ø Arcelor paying Rs 39,500 crore for Essar Steel and not Rs 42,000 cr: SCB counsel Kapil Sibal
Ø Tata Power, Mahanagar Gas ink pact to offer various services
Ø India smartphone market grew 7% in Q1 2019: IDC
Ø India's car sales decline 16% in April, the worst in eight years: Siam
Ø Saudi oil tankers attacked as Gulf tensions soar amid US, Iran standoff
Ø Hudco wants Rs 190 cr bite out of McDonalds-Bakshi deal, NCLAT to hear plea
Ø US antitrust probe singes India's pharmaceutical firms; Sun Pharma falls 9%
Ø Amazon introduces new machines that pack orders and replace jobs

Business Line
Mint

Ø SEBI slaps two showcause notices on HDFC AMC
Ø Oriental Bank back in black, net profit in FY’18-19 at Rs 55 cr
Ø Pre-monsoon showers may see a 5-year low
Ø Retail inflation may rise to 4 per cent in FY20: Crisil
Ø Relief for TCS as US court rejects CSC's demand for restraining order
Ø Kwality insolvency: Lenders to vote on deadline extension for submitting bids
Ø United Bank of India posts profit in Q4, after seven quarter of losses
Ø US markets tumble, treasuries rally on China tariffs

Financial Express
Deccan Chronicle

Ø Vodafone Idea loss at Rs 4,881.9 crore in Q4 amid brutal tariff war, triggered by Reliance Jio
Ø April retail inflation climbs to 6 month high of 2.92% as food prices rise again
Ø India likely to add 80 GW of renewable energy capacity in next 5 years: Survey
Ø Ola credit card: Uber rival is marrying digital payment with mobility in India
Ø Home Ministry cancels registration of Infosys Foundation
Ø Nabard announces Rs 700-cr VC fund for agri, rural startups
Ø ITC Q4 net profit rises 18.72 pc to Rs 3,481.9 crore; Sanjiv Puri is new Chairman
Ø Amul expects revenue to grow by 20 per cent to Rs 40,000 cr in 2019-20
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May 14 3:12 AM

Good Morning All

Add Watchlist
Pidilite
Semens
Grasim
Yes Bank
Ultratech
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May 14 2:07 AM

Good Morning All

Add Watchlist
Pidilite
Semens
Grasim
Yes Bank
Ultratech
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May 13 11:06 AM

Abc
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May 13 11:05 AM

Abc
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May 13 11:05 AM
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May 13 10:52 AM
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May 12 4:10 PM

Add Watchlist - ITC , GODREJ IND, HDFC , JUST DAIL
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May 12 4:10 PM

Results on May 13: ITC, Andhra Bank, Automotive Axles, Balkrishna Paper Mills, Borosil Glass Works, Capacite Infraprojects, Godrej Industries, HDFC, Vodafone Idea, Karnataka Bank, Just Dial, Metropolis Healthcare, MRPL, MT Educare, Muthoot Finance, OBC, Shemaroo Entertainment, SRF, Subex, Trident, United Bank of India
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May 12 4:09 PM

Watchlis For Tomorrow
Reliance
HDFC Bank
MGL
Tatasteel
mindtree
SBIN
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May 12 4:09 PM

Hi Everyone
As per daily Chart Nifty had taken strong support near 11250, 11200 if it's break then it can touch 11050, 10900
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May 6 5:53 PM

Crude call given to premium members if any one is interested can msg us personally
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