BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Emkay Recommends 'Buy' On Ashok Leyland
According to Emkay, volumes in the medium and heavy commercial vehicle segment remain in weak due to surplus capacity with transporters, inventory correction with dealers and financing issues, with Ashok Leyland's volumes continuing to decline (47 per cent) in the domestic market. A revival is expected in the commercial vehicle segment in the second half of financial year 2020-21 driven by a low base and a gradual pickup in the macro environment, the brokerage adds.