Buy Ashok Leyland, target Rs 139: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on Ashok Leyland with a target price of Rs 139.

The current market price of Ashok Leyland is Rs 130.90.

Time period given by the analyst is intraday when Ashok Leyland price can reach defined target.

Kunal Bothra recommended to keep a stop loss at Rs 127.

Ashok Leyland, incorporated in the year 1948, is a Large Cap company (having a market cap of Rs 38308.34 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.