BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
Religare maintains buy on Ashok Leyland
Religare increased target price on Ashok Leyland to Rs 130 against Rs 120 earlier. Ashok Leyland's margin came in at 11.2 per cent in Q1, above our estimates of 9.9 per cent. Its net profit increased 63 per cent to Rs 260 crore against our estimate of Rs 190 crore.