Ashok Leyland share price has been an outperformer among auto stocks with the stock up nearly 160% in a year from trading around the ₹52 level in August last year to currently trading around ₹133. Ashok Leyland has a well-diversified portfolio across the automobile industry and is among the leading players in India's commercial vehicle (CV) industry. It expects the stock to maintain its current up trend and head towards ₹153 levels in the coming months. Ashok Leyland (ALL) is a pure play CV manufacturer with a presence in M&HCV buses and trucks and LCV goods as well. Another brokerage firm Angel Broking also has a 'Buy' rating on the stock with the target price of ₹158 per share.

Source: Mint August 10, 2021 06:33 UTC