Ashok Ley­land Ltd

Money Times - - Market Review -

(BSE Code: 500477) (CMP: Rs.115.75) (FV: Re.1)

Ashok Ley­land Ltd at Rs.110-115 of­fers a good buy­ing op­por­tu­nity for a price tar­get of Rs.119-123-125-129-132. Its sup­port level is placed at Rs.103 for the short term. The stock is avail­able at a P/E of 18x v/s in­dus­try P/E of 28x. The stock trades at the daily and weekly RSI of 40. It had taken strong sup­port at Rs.105-107 in the re­cent mar­ket crash.

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