Ashok Leyland Ltd
(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.