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Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Morgan Stanley Maintains Sell on Ashok Leyland
Morgan Stanley has maintained its underweight stance on Ashok Leyland with target price of Rs 60. It says the stock is riding on high expectations. It says risk reward looks unattractive as valuations are at 20 times its FY17 forward earnings.