nifty: Buy Ashok Leyland, target price Rs 166.8: ICICI Direct
Promoters held 51.53 per cent stake in the company as of 31-Mar-2023, while FIIs owned 14.85 per cent, DIIs 22.06 per cent.
Source: indiatimes.com
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Buy Ashok Leyland, target price Rs 180: JM Financial
Pricing environment has improved in the CV industry. And, the company is focusing on cost reduction initiatives to drive double-digit margins in FY24. CV upcycle is expected to continue during FY24 with an expected MHCV growth of 10%.
Source: indiatimes.com