BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Short (1M)
Nomura Recommends 'Neutral' On Ashok Leyland
With the medium and heavy commercial vehicle industry expected to peak out, Nomura says its outlook on Ashok Leyland remains weak. The auto maker's margins could come under pressure due to weak operating leverage and high discounts by competition, the brokerage adds.