Buy Ashok Leyland, target Rs 126.40: ICICI Direct

NEW DELHI: ICICI Direct has a buy call on Ashok Leyland with a target price of Rs 126.40.

The current market price of Ashok Leyland is Rs 124.80.

Time period given by the brokerage firm is 'Intra Day' when Ashok Leyland price can reach defined target.

ICICI Direct recommended to keep a stop loss at Rs 122.20.

Ashok Leyland, incorporated in the year 1948, is a Large Cap company (having a market cap of Rs 36,091.19 Crore) operating in Auto sector.

The company’s top management includes Dr.Andreas H Biagosch, Dr.Andrew C Palmer, Mr.D L Balaji Rao, Mr.Dheeraj G Hinduja, Mr.Jean Brunol, Mr.Jose Maria Alapont, Mr.Manisha Girotra, Mr.R J Shahaney, Mr.Sanjay K Asher, Mr.Shardul S Shroff, Mr.Sudhindar K Khanna, Mr.Vinod K Dasari.

Company has M S Krishnaswami & Rajan as its auditors.

As on 30-09-2017, the company has a total of 2,926,534,926 shares outstanding.