JPM has maintained an overweight rating but their key theory here is a bet on cyclical recovery in the commercial vehicle space and Leyland's own market share has definitely recovered.
Also Read | Defence Ministry to release 3rd positive indigenisation list today: Key stocks to keep a watch on
The Ashok Leyland stock is up 1.9 percent today (April 7) at the time of publishing. In the past five trading sessions, it has risen 8.5 percent while in the last month it has shot up by 28 percent.
Watch the accompanying video of CNBC-TV18’s Sonia Shenoy for more details.
First Published: Apr 7, 2022 12:35 PM IST
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Lok Sabha Election: Re-elections at a Ajmer booth after presiding officer misplaces register of voters
May 2, 2024 4:54 PM
Rahul will be forced to take out 'Congress Dhoondho Yatra' after June 4: Amit Shah in Bareilly
May 2, 2024 4:36 PM