Ashok Leyland can touch Rs 62 in near term: Nirmal Bang

MUMBAI: Nirmal Bang is of the view that Ashok Leyland can touch Rs 62 in the near term.

"Buy Ashok Leyland with stop loss of Rs 52. The structure looks very positive and there has been considerable increase in the volumes.

Resistance is seen at Rs 57.50 which is its 52 week high and if the stock manages to hold this level then we can see Rs 62 in near term," the report said.