Buy Ashok Leyland, target Rs 155: Pritesh Mehta

Pritesh Mehta of IIFL has a buy call on Ashok Leyland with a target price of Rs 155.

The current market price of Ashok Leyland is Rs 140.90.

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

Pritesh Mehta recommended to keep a stop loss at Rs 134.

Ashok Leyland, incorporated in the year 1948, is a Large Cap company (having a market cap of Rs 41,242.90 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 31-12-2017, the company has a total of 2,927,104,101 shares outstanding.