BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
Kotak maintains sell on Ashok Leyland
Kotak has maintained "sell" call on Ashok Leyland for a target price of Rs 70. Multiple uncertainties cloud growth outlook of medium and heavy commercial vehicle sales and near term demand will be significantly hit, the brokerage said. Profitability of fleet operators under pressure, the brokerage added.