Buy Ashok Leyland, target Rs 158: Shrikant Chouhan

Shrikant Chouhan of Kotak Securities has a buy call on Ashok Leyland with a target price of Rs 158.

The current market price of Ashok Leyland is Rs 151.05.

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


Shrikant Chouhan recommended keeping a stop loss at Rs 147.50.

Ashok Leyland, incorporated in the year 1948, is a Large Cap company (having a market cap of Rs 44,213.91 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.

The 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.