Invest in Ashok Leyland - Take Advantage of Recent Fall


Ashok Leyland is one of the major driving force in Indian Commercial vehicle segment. Company recently moved out of non strategic domain and realigned their business on its strong segment. Company in last many months continuously showed growth in monthly sales. The flood in Chennai impacted their production center and impacted the monthly sales recently which dented the investor sentiments. 

They are not the long term investor but the F&O player who marked down the equity price. The company share price went by 15% in the last 30 days and it's an opportunity for long term investor to invest in company share. This kind of company share should be considered as pension share because of their strong foothold in the market place through quality product. I am expecting the bounce back of company share and won't be surprised if the share price cross 150 in next 6 months on the back of strong monsoon and festive season.

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