ASHOKLEY

Share Price: Motilal Oswal maintains ‘BUY’ citing demand in CV revival ; check target price

Ashok Leyland Share Price: Brokerage firm Motilal Oswal has maintained its ‘buy’ rating with a target price for Ashok Leyland, the Indian flagship of the Hinduja Group. At 02:44 PM, the company’s shares were trading at Rs 147.80, down 0.91 per cent from its previous closing. Chennai-based Ashok Leyland was founded by Raghunandan Saran in 1948. The company makes medium and heavy commercial vehicles, including buses, such as city, sub urban, inter city, school and staff and special buses; trucks for various applications, including long hauls, distribution, construction and mining; light vehicles; and defence vehicles designs.