Ashok Leyland shares an outperformer among auto stocks. ICICI Securities sees more upside in coming months
Ashok Leyland shares at the cusp of breaking above its last six months range, thus offers fresh entry opportunity to ride the next up move, the brokerage said
Ashok Leyland share price has been an outperformer among auto stocks with the stock up nearly 160% in a year from trading around the ₹52 level in August last year to currently trading around ₹133. Ashok Leyland has a well-diversified portfolio across the automobile industry and is among the leading players in India's commercial vehicle (CV) industry.
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