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Reliance Securities upgrades Ashok Leyland to buy, raises price target by 73%. Here's why

Updated : October 09, 2019 12:54 PM IST

Ashok Leyland shares have corrected by over 35 percent and the one-year return on the stock too is negative by 40.51 percent.
Ashok Leyland trades at Rs 65.85 per share on NSE at 12.21 pm, higher by 2.25 percent.
Ashok Leyland sold 8,780 units in September, a sharp drop of 55 percent compared to the 19,374 vehicles sold in the same month in 2018.
Reliance Securities upgrades Ashok Leyland to buy, raises price target by 73%. Here's why
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