Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
127.40
Change Change %
-1.45 -1.13%

Updated:24 Sep, 2021, 15:59 PM IST

BSE
127.40
Change Change %
-1.40 -1.09%

Updated:24 Sep, 2021, 16:00 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Emkay Global
N/A
03-03-2020 Buy 75.55 112.00
N/A
Target Hit Long (1Y)
03-03-2021

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.

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