Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
106.05
Change Change %
-0.05 -0.05%

Updated:16 Nov, 2018, 14:24 PM IST

BSE
105.50
Change Change %
-0.85 -0.80%

Updated:16 Nov, 2018, 14:52 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Kotak
N/A
05-07-2016 Sell 97.80 85.00
N/A
Target Hit Long (1Y)
05-07-2017

Kotak downgrades Ashok Leyland to sell

Kotak has downgraded Ashok Leyland to 'sell' from 'add' for target of Rs 85/share. It says early signs of demand moderation is seen in commercial vehicles (CVs). Slowdown in domestic MHCV industry volumes are seen and it has cut earnings estimates by 11-12% over FY2017-18E and adds that freight demand in the economy is weak.

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