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nifty: Buy Ashok Leyland, target price Rs 166 8: ICICI Direct

Promoters held 51.53 per cent stake in the company as of 31-Mar-2023, while FIIs owned 14.85 per cent, DIIs 22.06 per cent.

Manisha girotraShom ashok hindujaC bhaktavatsala raoDheerajg hindujaSanjayk asherGopal mahadevanAndrewc palmerJose maria alapontSaugata guptaAshok leyland etmarketsJean brunolAndreash biagoschPrice waterhouse co chartered accountantsAshok leylandLarge capIntra day

Buy Ashok Leyland, target price Rs 180: JM Financial

Pricing environment has improved in the CV industry. And, the company is focusing on cost reduction initiatives to drive double-digit margins in FY24. CV upcycle is expected to continue during FY24 with an expected MHCV growth of 10%.

Sanjayk asherAndrewc palmerDheerajg hindujaGopal mahadevanAndreash biagoschJose maria alapontShom ashok hindujaC bhaktavatsala raoManisha girotraSaugata guptaJean brunolAshok leylandPrice waterhouse co chartered accountantsLarge capRevenue segmentsCommercial vehicles

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