BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Nomura Recommends 'Buy' On Ashok Leyland
According to Nomura, Ashok Leyland's financial position is expected to remain much better compared to the past given the limited capex in financial year 2020-21 assuming the demand downturn continues. However, continued financial prudence remains critical and will be keenly watched, the brokerage adds.