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Buy Ashok Leyland, MGL on dips, positive on Page Industries, says Complete Circle's Gurmeet Chadha

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Buy Ashok Leyland, MGL on dips, positive on Page Industries, says Complete Circle's Gurmeet Chadha

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The commercial vehicle (CV) segment will perform well as the economy recovers going ahead. Hence, any dip in the stock price of CV manufacturer Ashok Leyland can be used as a buying opportunity, according to Gurmeet Chadha, Co-Founder and CEO at Complete Circle Consultants.

The commercial vehicle (CV) segment will perform well as the economy recovers going ahead. Hence, any dip in the stock price of CV manufacturer Ashok Leyland can be used as a buying opportunity, according to Gurmeet Chadha, Co-Founder and CEO at Complete Circle Consultants.

Speaking to CNBC-TV18, Chadha said “Any dips on Ashok Leyland are welcome.”
Amid gas distribution space, he likes Gujarat Gas, MGL and Indraprastha Gas Ltd.
“Mahanagar Gas Ltd (MGL) is a pretty secular story. Any dips are welcome at this level. One has to be patient because the prices have also run up,” he said.
He believes Marico and Tata Consumer are better as a pure fast moving consumer goods (FMCG) players than ITC.
Chadha is positive on Page Industries for the long-term. “To me this space is still very unorganised and womenswear and kidswear do represent long-term opportunity there,” he said.
For more, watch the video...
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