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Why brokerages remain bullish on Ashok Leyland despite weak Q1; stock jumps 6%

Updated : August 14, 2020 11:32 AM IST

Shares of Ashok Leyland jumped 6 percent on Friday after brokerages remained bullish on the stock despite weak June quarter numbers
The Hinduja Group flagship firm reported a consolidated net loss of Rs 388.82 crore for Q1 owing to the coronavirus pandemic.
CLSA upgraded the stock to 'buy' from 'underperform' and raised its target to Rs 80 from Rs 53.
Why brokerages remain bullish on Ashok Leyland despite weak Q1; stock jumps 6%

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