Sell Ashok Leyland, target Rs 106: Shrikant Chouhan

Shrikant Chouhan of Kotak Securities Limited has a sell call on Ashok Leyland with a target price of Rs 106.

The current market price of Ashok Leyland is Rs 112.40.

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

Shrikant Chouhan recommended to keep a stop loss at Rs 115.

Ashok Leyland, incorporated in the year 1948, is a Large Cap company (having a market cap of Rs 32900.65 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.