Buy Ashok Leyland share for Rs 125-Rs 130 target price, maintain stop-loss at Rs 105, says expert
Sharekhan says that it has revised Ashok Leyland’s volume estimates upwards on expectation that the CV industry is ready for an upturn. Sharekhan expects Ashok Leyland’s EBITDA margin to improve aided by benefits arising from operating leverage and cost-cutting initiatives taken up by the company under ‘Project Reset'
Ashok Leyland stock is having support at Rs 105 while resistance is at Rs 117. If it crosses this mark, it can show Rs 125 – Rs 130 levels: Reuters