BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Credit Suisse downgrades Ashok Leyland to underperform
Credit Suisse has downgraded Ashok Leyland to "underperform" from "neutral" with a target price of Rs 77. Commercial vehicles volume is likely to disappoint going forward. We reduce FY17 volume growth estimates to 12 per cent from 22 per cent earlier, which results in 15 per cent reduction in target price at Rs 77.